Travieso Evans Arria Rengel & Paz

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Maximum Prices of Food

An Official Notice was published in Official Gazette No. 40,167 of May 15, 2013, whereby the Joint Resolution issued by the Ministries of the Popular Power for Nourishment, for Agriculture and Lands, for Commerce, and for Finance, published in Official Gazette No. 40,166 of May 14, 2013, was corrected.  The Resolution fixes, in all of the national territory, the Maximum Price of Sale to the Public (Precio Máximo de Venta al Público – “PMVP”) and the Maximum Price of Sale (Precio Máximo de Venta – “PMV”) paid to the producers and wholesalers of the food and products specified in the same.

 

The PMVP established for the aforementioned products do not include the amount of the Value Added Tax (“VAT”) that might have to be paid when applicable.

 

The Resolution became effective on May 15, 2013.

 

In order to access the Resolution, 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.”