In more detail
Article 21 of the Ruling expressly repealed Administrative Ruling SNAT/2015/0049, dated 14 July 2015 ("Repealed Ruling")2. Likewise, Article 1 of the Ruling introduced a key change regarding withholding agents, establishing that all individuals designated and notified as special taxpayers who are incorporated as sole proprietorships will qualify as VAT withholding agents.
The Ruling ratifies the (i) withholding exclusions, (ii) applicable withholding percentages, (iii) opportunity and procedure to withhold and pay, (iv) process to recover accumulated withholdings, (v) rules to adjust prices, (vi) guidelines to issue withholding certificates and (vii) penalties, as referred to in the Repealed Ruling.
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1 Administrative ruling No. SNAT/2025/000054, Official Gazette of the Bolivarian Republic of Venezuela No. 43,171, published on 16 July 2025.
2 Administrative ruling No. SNAT/2015/000049, Official Gazette of the Bolivarian Republic of Venezuela No. 40,720, published on 10 August 2015.