2019 Managerial Alerts
BANK INSTITUTIONS AUTHORIZED TO ACT AS EXCHANGE OPERATORS Resolution No. 19-05-01, issued by the Venezuelan Central Bank (“VCB”), was published in Official Gazette No. 41.624 of May 2, 2019 (the “Resolution”). The Resolution established that the “bank institutions governed by the Decree with the Status, Value, and Force of Law of the Banking Sector…
HORARIO ESPECIAL LABORAL DE 8:00 A.M. A 2:00 P.M. VIGENTE DESDE EL 01/05/2019 En la Gaceta Oficial Extraordinaria Nro. 41.623 del 30 de abril de 2019, fue publicado el Decreto Presidencial Nro. 3.837 de la misma fecha (el “Decreto”), mediante el cual se estableció un horario especial laboral para el sector público y privado…
DECLARATION AND PAYMENT OF CONTRIBUTION TO NATIONAL FUND FOR SPORT DEVELOPMENT – EXTENSION Resolution No. 053/19 of April 5, 2019, issued by the Ministry of the Popular Power for Youth and Sport, was published in Official Gazette No. 41.621 of April 26, 2019 (the “Resolution”). The Resolution extended for 60 calendar days, as from…
INCREASE OF MINIMUM SALARY/ ADJUSTMENT OF CESTATICKET Presidential Decree No. 3.829 of April 25, 2019 was published in Official Gazette No. 6.452 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 April 16, 2019 and the minimum salary…
DECRETO QUE ESTABLECE COMO DÍAS FERIADOS LOS DÍAS 15, 16 Y 17 DE ABRIL DE 2019 Mediante Decreto No. 3.822 (el “Decreto”), publicado en la Gaceta Oficial No. 6.448 Extraordinaria de fecha 13 de abril de 2019, fueron declarados no laborables y, por tanto feriados a los efectos del Decreto con Rango Valor y…
SCHEDULE FOR VAT RETURN AND PAYMENT BY SPECIAL TAXPAYERS Administrative Ruling SNAT/2019/00048 of March 7, 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. 41.613 of April 9, 2019 (the “Ruling”). The…
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…
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…
