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Venezuela Extends Financial Transactions Tax Exemptions

07 March 2024

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Approved Changes

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Venezuela

Venezuela published Decree No. 4.924 in the Official Gazette on 21 February 2024, which extends the exemptions from financial transactions first introduced in 2022. 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 on the Venezuela stock market; Foreign exchange transactions (operations); Payments in local currency with national or international debit or credit cards...