Imports of new movable capital assets and computer and telecommunications assets, as well as their parts, pieces and accessories, not produced, or with insufficient production, in Venezuela, that are identified as capital goods (BK) or information technology and telecommunications goods (BIT) in the Customs Tariff Code, under the terms and conditions provided in the respective “Certificate of Exemption of BK or BIT,” will be VAT exempted. However, depending on the type of asset, customs authorities will apply a customs tariff of 2% or 0% ad valorem.
Source EY
