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

|Approved Changes|Venezuela
Venezuela

Venezuela published Decree No. 4.967 in the Official Gazette on 28 June 2024, which extends a temporary exemption from VAT and customs duty on the definitive import of certain goods. The exemption was originally provided by Decree No. 4.907 from 1 January to 30 June 2024, including a 90% exemption on over 1,500 imported new or used tangible goods by legal entities, individuals, and the National Public Administration (mainly raw materials/inputs). Further, a 100% exemption is provided on over …

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