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Fiscal Stamp Law

Decree No. 1,398 of November 13, 2014 was published in Official Gazette No. 6,150 Extraordinary of November 18, 2014. Through said Decree, the President of the Republic issued the Decree with the Status, Value, and Force of Law of Amendment to the Fiscal Stamp Law (the “Decree-Law”), which amended the Law of Partial Amendment to the Fiscal Stamp Law, published in Official Gazette No. 40,335 of January 16, 2014.

 

The Decree-Law amended the following articles by increasing in all of them the charges that the individuals/entities have to pay for execution of acts and obtainment of documents relating to: (i) intellectual property, investment and functioning of foreign companies in the country (Article 6); (ii) identification, migration, and foreigner-related matters, as well as all issues concerning passports, visas, identification cards for foreigners, among others.  The Decree-Law deleted the provision that exempted the elderly, children, and adolescents from the payment of charges (Article 7); (iii) national and foreign investment including company qualification (Article 11); (iv) transportation and registration of vehicles and driver licenses (Articles 14, 15, and 16), and (v) the Ministry of the Popular Power for environmental and ecosocialism matters (Article 26).

 

With respect exclusively to the rates or values of the contributions, the Decree-Law repealed (i) articles 26 and 27 of the Law on Navigation, published in Official Gazette No. 21,749 of August 9, 1944; (ii) article 90 of the Law of Mines, published in Official Gazette No. 121 Extraordinary of January 18, 1945, and (iii) article 99 of the Law on Land Transit (Ley de Tránsito Terrestre), published in Official Gazette No. 3,920 Extraordinary of October 10, 1986, and (iv) any other regulatory provisions, especially those contained in (a) the Regulations to the Law on Land Transit, published in Official Gazette No. 2,867 Extraordinary of October 6, 1981; (b) the Regulations on Radiocommunication, published in Official Gazette No. 3,336 of February 1, 1984; (c) the Regulations on Ranks of the Merchant Marine, published in Official Gazette No. 24,284 of November 4, 1953, amended by Decree No. 999, published in Official Gazette No. 29.826 of June 9, 1972; (d) the Regulations for Registration and Issue of Identification Cards for the Personnel of the National Merchant Marine in General, on Fishing, and Recreation, published in Official Gazette No. 23,588 of July 26, 1951; (e) the Regulations for the Issue of Certificates of Navigation Licenses, Registries, and Patents, and Special Permits, published in Official Gazette No. 21.547 of October 28, 1944, and (f) the Regulations to the Law of Pharmacy Practice, published in Official Gazette No. 4,582 Extraordinary of May 21, 1993.

 

The Decree-law became effective and must be applied as from its publication in the Official Gazette.

 

In order to access the Decree-Law, please click here.

 

 

“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.