2019 Managerial Alerts
GENERAL TAX RATE OF VALUE ADDED TAX – 16% Decree No. 4.079 of December 26, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.788 of December 26, 2019 (the “Decree”). The Decree fixed the general tax rate of the Value Added Tax at 16%. The Decree became effective on…
SCHEDULE OF NON-SPECIAL TAXPAYERS – ACTIVITIES OF GAMES OF CHANCE 2020 Administrative Ruling No. SNAT/2019/00340 of November 15, 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. 41.788 of December 26, 2019 (the…
ACCOUNTING RECORD OF ECONOMIC EVENTS AND TRANSACTIONS STATED IN CRYPTOASSETS A Ruling that Regulates the Recording in the Accounts of Economic Events and Transactions Stated in Cryptoassets, issued by the National Superintendence of Cryptoassets and Connected Activities (Superintendencia Nacional de Criptoactivos y Actividades Conexas – SUNACRIP) was published in Official Gazette No. 41.788 of…
SCHEDULE OF NON-SPECIAL TAXPAYERS – ACTIVITIES OF GAMES OF CHANCE 2020 Administrative Ruling No. SNAT/2019/00340 of November 15, 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. 41.788 of December 26, 2019 (the…
RECORDING OF INFORMATION AND ECONOMIC EVENTS IN SOVEREIGN CRYPTOASSETS Decree No. 4.025 of November 19, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.763 of the same date (the “Decree”). Said Decree imposed on natural and public and private legal persons the obligation to record the information and economic…
EXEMPTION FROM IT PAYMENT – COOPERATIVES Decree No. 4.015 of October 23, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.745 of October 24, 2019 (the “Decree”). According to the Decree, the taxable net income of territorial source obtained by Cooperatives organized under the Decree with the Force of…
VALUE OF UNIT FOR ARITHMETICAL CALCULATION OF MAXIMUM AND MINIMUM THRESHOLD (UCAU) Joint Resolution No. 012/2019 and No. 756/2019, issued by the Ministry of the Popular Power for Planning and the Ministry of the Popular Power for Economy and Finance, respectively, was published in Official Gazette No. 41.743 of October 22, 2019 (the “Resolution”). The…
REGIME APPLICABLE TO THE COMMERCIAL CREDITS GRANTED BY BANK INSTITUTIONS The Venezuelan Central Bank (VCB) issued Resolution No. 19-09-01, which was published in Official Gazette No. 41.742 of 10-21-2019 and entered into force on the second business day following its publication. Said Resolution established that upon the entry into force of the same, the…
INCREASE OF MINIMUM SALARY/ ADJUSTMENT OF CESTATICKET Presidential Decree No. 3.997 of October 11, 2019 was published in Official Gazette No. 6.484 Extraordinary of the same date. Said Decree increased the mandatory minimum monthly salary in all of the national territory. The increase became effective as from October 1, 2019 and the minimum salary…
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…
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