READJUSTMENT OF ASSETS VALUE/DECLARATION AND PAYMENT OF TAX ON LARGE PATRIMONIES Administrative Ruling No. SNAT/2019/00213 of August 19, 2019, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria – SENIAT), was published in Official Gazette No. 41.697 of August 19, 2019…
CONSTITUTIONAL LAW THAT CREATES THE TAX ON LARGE PATRIMONIES (REPRINTED) An Official Notice dated August 15, 2019 was published in Official Gazette No. 41.696 of August 16, 2019. Said Notice corrected, due to an error in the form, the Constitutional Law that Creates the Tax on Large Patrimonies (the “Law”), issued by the National…
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TOTAL PROHIBITION AGAINST ADVERTISEMENT, PROMOTION AND SPONSORSHIP OF TOBACCO PRODUCTS Resolution No. 071 of July 18, 2019, issued by the Ministry of the Popular Power for Health, was published in Official Gazette No. 41.678 of July 19, 2019 (the “Resolution”). The Resolution established the guidelines for the total prohibition against advertisement, promotion and sponsorship,…
IT PAYMENT EXEMPTION DECREE – PRIMARY EXPLOITATION OF AGRICULTURAL ACTIVITIES Decree No. 3.920 of July 19, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.678 of July 19, 2019 (the “Decree”). The Decree establishes an exemption from Income Tax (“IT”) for the net income from Venezuelan source deriving…
CONSTITUTIONAL LAW THAT CREATES THE TAX ON LARGE PATRIMONIES The Constitutional Law that Creates the Tax on Large Patrimonies, issued by the Constituent National Assembly, was published in Official Gazette No. 41.667 of July 3, 2019 (the “Law”). The tax will be imposed on the net worth of special taxpayers with a patrimony…
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EXTENSION OF TIME FOR ASSESSMENT AND PAYMENT OF THE CONTRIBUTION TO SCIENCE AND TECHNOLOGY Administrative Ruling No. 015-030 of June 10, 2019, issued by the Board of Directors of the National Fund of Science, Technology, and Innovation (Fondo Nacional de Ciencia, Tecnología e Innovación – “FONACIT”) was published in Official Gazette No. 41.663 of…
REGLAMENTO DE LA LEY DE PROTECCIÓN SOCIAL AL TRABAJADOR Y A LA TRABAJADORA CULTURAL En Gaceta Oficial Nro. 41.661 de fecha 25 de junio de 2019, fue publicado el Decreto Presidencial Nro. 3.892 mediante el cual fue dictado el Reglamento de la Ley de Protección Social al Trabajador y a la Trabajadora Cultural (en lo…
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