IMPORTATION OF PHARMACEUTICAL PRODUCTS – COMPANIES NOT DOMICILED IN VENEZUELA Resolution No. 075, issued by the Ministry of the Popular Power for Health (Ministerio del Poder Popular para la Salud – “MPPPS”), was published in Official Gazette No. 41.610 of April 4, 2019 (the “Resolution”). The Resolution established a special temporary regime through the…
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EXTENSION TO APRIL 30, 2019 FOR IT FINAL RETURN AND PAYMENT Administrative Ruling No. SNAT/2019/00071, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration, was published in Official Gazette No. 6.436 Extraordinary of March 26, 2019 (the “Ruling”). The Ruling extended until April 30 2019 the period of time…
DECREES NUMBERS 3.788, 3.789, AND 3.790 RELATED TO THE AUTOMOTIVE SECTOR The following Decrees, issued by the President of the Republic, were published in Official Gazette No. 41.603 of March 21, 2019: i) 3.788 whereby the Corporación Socialista del Sector Automotor, S.A (“CORSOAUTO”) is strengthened, in the frame of the Gran Misión Transporte Venezuela;…
ADMINISTRATIVE RULING THAT READJUSTS TAX UNIT TO BS. 50.00 Administrative Ruling No. SNAT/2019/00046, 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. 41.597 of March 7, 2019 (the “Ruling”). The Ruling readjusts the…
CESSATION OF OBLIGATION TO STATE DOUBLE EXPRESSION OF PRICES OF GOODS AND SERVICES Resolution No. 19-02-01, issued by the Venezuelan Central Bank (“VCB”), was published in Official Gazette No. 41.587 of February 15, 2019 (the “Resolution”). The Resolution established that after February 15, 2019 – and pursuant to the Second Temporary Provision of Decree…
DÍAS NO LABORABLES – FEBRERO 2019 Mediante Decreto No. 3.773 (el “Decreto”), publicado en la Gaceta Oficial No. 41.594 del 26 de febrero de 2019, el Presidente de la República decretó no laborables y por tanto feriados los días 28 de febrero y 1º de Marzo de 2019, para todos los trabajadores que prestan…
ACCOUNTS IN FOREIGN CURRENCY WITH THE NATIONAL FINANCIAL SYSTEM An Official Notice, issued by the Venezuelan Central Bank (“VCB”), was published in Official Gazette No. 41.575 of January 30, 2019. Said Official Notice establishes that the holders of more than one account in foreign currency held with the National Financial System (“NFS”) may make…
CONSTITUENT DECREE ON THE INTEGRAL SYSTEM OF CRYPTOASSETS The Constituent Decree on the Integral System of Cryptoassets, issued by the National Constituent Assembly, was published in Official Gazette No. 41.575 of January 30, 2019 (the “Decree”). Said Decree established the regulatory frame applicable to the Integral System of Cryptoassets. The sphere of application of…
