PKF Carpentieri Colmenares & Asociados

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PKF Venezuela

Seniat - Reduction of 3% and 5% in VAT

07 oct 2017

In Official Gazette of the Bolivarian Republic of Venezuela No. 41.239, dated September 19, 2017, Decree No. 4 was published in the context of the State of Emergency and Economic Emergency that establishes a rebate to the General Tax Rate of Tax to the Value Added (VAT) applicable to Transactions Paid through Electronic Means (hereinafter referred to as the Decree).(Spanish) More


In Official Gazette No. 41,244, dated September 26, 2017, Providencia No. SNAT / 2017/0048 was published by the National Integrated Customs and Tax Administration (SENIAT), on September 21, 2017, By which establishes the formalities for the issuance of invoices, declaration and payment for sales of movable property and services rendered to natural and legal persons, who enjoy the reduction of three or five percent (3 or 5%), of the General Tax Allocation of Value Added Tax "(hereinafter referred to as Providence). (Spanish) More

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