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New Decrees with Status, Value, and Force of Law

The Presidency of the Republic published the following in Official Gazette No. 40,543 of November 18, 2014:

I)    Decrees with Status, Value, and Force of Law:

1. Decree No. 1,423, whereby the Decree with the Status, Value, and Force of Law for Simplification of Administrative Formalities is issued2.

2. Decree No. 1,395, whereby the Decree with the Status, Value, and Force of Organic Law that Reserves to the State the Activities of Exploration and Exploitation of Gold, as well as their Connected and Ancillary Activities is issued3.

3. Decree No. 1,403, whereby the Decree with the Status, Value, and Force of Law of the Foreign Exchange Regime and its Unlawful Acts is issued3.

4. Decree No. 1,405, whereby the Decree with the Status, Value, and Force of Law of the National Integral Agrifood System is issued3.

5. Decree No. 1,409, whereby the Decree with the Status, Value, and Force of Law of the Gran Misión Agrovenezuela is issued4.

6. Decree No. 1,415, whereby the Decree with the Status, Value, and Force of Antitrust Law is issued4.

7. Decree No. 1,425, whereby the Decree with the Status, Value, and Force of Law on Integral Regionalization for Socioproductive Development of the Homeland is issued4.

8. Decree No. 1,434, whereby the Decree with the Status, Value, and Force of Law of the Organic Tax Code is issued5.

9. Decree No. 1,438, whereby the Decree with the Status, Value, and Force of Foreign Investment Law is issued5.

10. Decree No. 1,441, whereby the Decree with the Status, Value, and Force of Organic Law on Tourism is issued5.

11. Decree No. 1,442, whereby the Decree with the Status, Value, and Force of Law of Promotion of Sustainable Tourism as Community and Social Activity is issued6.

12. Decree No. 1,443, whereby the Decree with the Status, Value and Force of Law of Tourism Investments and Credit for the Tourism Sector is issued6.

13. Decree No. 1,445, whereby the Decree with the Status, Value and Force of Law on Marine and Connected Activities is issued6.

14. Decree No. 1,446, whereby the Decree with the Status, Value, and Force of Organic Law of Aquatic Spaces is issued6.

 

II)   Decrees with Status, Value, and Force of Law of Amendment:

 

1. Decree No. 1,406, whereby the Decree with the Status, Value, and Force of Law of Amendment to the Organic Law on Public and Popular Planning is issued1.

2. Decree No. 1,397, whereby the Decree with the Status, Value, and Force of Law of Partial Amendment to the Decree with the Status, Value, and Force of Law of Port Fees is issued3.

3. Decree No. 1,398, whereby the Decree with the Status, Value, and Force of Law that Partially Amends the Fiscal Stamp Law is issued3.

4. Decree No. 1,408, whereby the Decree with the Status, Value, and Force of Law of Amendment to the Decree with the Status, Value, and Force of Law on Fishing and Aquaculture is issued3.

5. Decree No. 1,411, whereby the Decree with the Status, Value, and Force of Law of Amendment to the Organic Law of Science, Technology, and Innovation is issued4.

6. Decree No. 1,413, whereby the Decree with the Status, Value, and Force of Law of Amendment to the Law for Promotion and Development of the Small and Medium-sized Industry and Social Production Units is issued4.

7. Decree No. 1,417, whereby the Decree with the Status, Value, and Force of Law of Amendment to the Law on Tax on Cigarettes and Tobacco Manufactures is issued4.

8. Decree No. 1,418, whereby the Decree with the Status, Value, and Force of Law of Amendment to the Law on Tax on Alcohol and Alcoholic Species is issued4.

9. Decree No. 1,435, whereby the Decree with the Status, Value, and Force of Law of Amendment to the Income Tax Law is issued5.

10. Decree No. 1,436, whereby the Decree with the Status, Value, and Force of Law of Amendment to the Law that Establishes the Value Added Tax is issued5.

 

The content of these laws and amendments has not been analyzed yet because there have been some delays in the printing and publication by the Imprenta Nacional of the Official Gazettes Extraordinary of November 18. As soon as we have access to the body of each of these laws and amendments, we will send you by these means the relevant summaries.

 

Should you have any question or comment or require further information, please contact the partner in charge of your account via e-mail.

 

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1Official Gazette No. 6,148 Extraordinary, dated 11-18-14.

2Official Gazette No. 6,149 Extraordinary, dated 11-18-14

3Official Gazette No. 6,150 Extraordinary, dated 11-18-14.

4Official Gazette No. 6,151 Extraordinary, dated 11-18-14.

5Official Gazette No. 6,152 Extraordinary, dated 11-18-14.

6Official Gazette No. 6,153 Extraordinary, dated 11-18-14.

 

“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.”