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Venezuela Extends Temporary Exemption from VAT and Customs Duty on the Definitive Import of Certain Goods

  • Venezuela has extended a temporary exemption from VAT and customs duty on certain imported goods through Decree No. 4.967, originally provided by Decree No. 4.907.
  • The exemptions include a 90% exemption on over 1,500 imported tangible goods and a 100% exemption on over 400 goods with certification of no or insufficient national production.
  • The exemptions apply to legal entities, individuals, and specified entities, and have been extended until August 31, 2024.

Source Orbitax

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