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Venezuela Extends Financial Transactions Tax Exemptions

03 March 2023

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Approved Changes

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Venezuela

Venezuela published Decree No. 4.784 in the Official Gazette on 23 February 2023, which extends the exemptions from financial transactions tax that were provided along with amendments made in March 2022 for the taxation of financial transactions in foreign currency and cryptocurrency ( previous coverage). This includes exemptions for the following transactions: Debits generated by the sale, purchase, or transfer of securities issued or certified by Venezuela or the Venezuelan Central Bank; Debits or withdrawals related to the settlement of the principal or interest of securities issued or certified by Venezuela or the Venezuelan Central Bank, and other securities traded...