Venezuela: Resolution introduces tariff codes exempted from payment of value-added tax, customs duties and customs service fee in determining the customs regime

In brief

Through 31 March 2022, certain television and communication equipment imported into Venezuela are exempt from the payment of value-added tax (VAT), custom duties and customs service fees.


Contents

The Ministry of Economy, Finance and Foreign Trade recently issued Resolution No. 005-2022 of 15 February 2022,1 which adds tariff codes 3921.90.90.00; 7326.20.00.00; 8302.49.00.00; 8528.71.19.00; 8528.71.90.00; 8538.90.90.00; and 9002.20.90.00 - covering television and communication equipment and supplies - to Appendix I of the decree that established the exemption of certain imports from the payment of VAT, custom duties and customs service fees. 2 (See our client alert on Decree No. 4,552 of 6 August 2021 here). Accordingly, until 31 March 2022, Venezuelan importers are not required to pay VAT, custom duties or customs service fees on television and communication equipment imported under these tariff codes.

Click here to access the Spanish version.


1 Resolution No. 005-2022 of 15 February 2022 (published in the Official Gazette No. 42,332 of 8 March 2022).

2 Decree No. 4,552 of 6 August 2021 (published in Official Gazette No. 6,636 of 6 August 2021). V. Background: "Venezuela: Decree established exemption from the payment of the Value Added Tax, Custom Duties and Customs Service Fee for Determination of the Customs Regime for several goods and economic sector". The decree's effectivity was extended until 31 March 2022.


Copyright © 2022 Baker & McKenzie. All rights reserved. Ownership: This documentation and content (Content) is a proprietary resource owned exclusively by Baker McKenzie (meaning Baker & McKenzie International and its member firms). The Content is protected under international copyright conventions. Use of this Content does not of itself create a contractual relationship, nor any attorney/client relationship, between Baker McKenzie and any person. Non-reliance and exclusion: All Content is for informational purposes only and may not reflect the most current legal and regulatory developments. All summaries of the laws, regulations and practice are subject to change. The Content is not offered as legal or professional advice for any specific matter. It is not intended to be a substitute for reference to (and compliance with) the detailed provisions of applicable laws, rules, regulations or forms. Legal advice should always be sought before taking any action or refraining from taking any action based on any Content. Baker McKenzie and the editors and the contributing authors do not guarantee the accuracy of the Content and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the Content. The Content may contain links to external websites and external websites may link to the Content. Baker McKenzie is not responsible for the content or operation of any such external sites and disclaims all liability, howsoever occurring, in respect of the content or operation of any such external websites. Attorney Advertising: This Content may qualify as “Attorney Advertising” requiring notice in some jurisdictions. To the extent that this Content may qualify as Attorney Advertising, PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. Reproduction: Reproduction of reasonable portions of the Content is permitted provided that (i) such reproductions are made available free of charge and for non-commercial purposes, (ii) such reproductions are properly attributed to Baker McKenzie, (iii) the portion of the Content being reproduced is not altered or made available in a manner that modifies the Content or presents the Content being reproduced in a false light and (iv) notice is made to the disclaimers included on the Content. The permission to re-copy does not allow for incorporation of any substantial portion of the Content in any work or publication, whether in hard copy, electronic or any other form or for commercial purposes.