The Official Gazette of the Bolivarian Republic of Venezuela N° 41,667 of July 4th, 2019 published the Constitutional Law that creates the Wealth Tax (the “Law”), in the following terms:... read more →

The currency exchange tables will be enabled as of May 2, 2019, allowing foreign currency purchase transactions. In the Official Gazette No. 41,624 of the Bolivarian Republic of Venezuela dated... read more →

From May 1, the public and private sector will have a special working time from 8:00 a.m., until 02:00 p.m. In the Official Gazette of the Bolivarian Republic of Venezuela... read more →

From April 25, 2019, the minimum wage will be increased by BsS 40,000 per month and for adolescent workers by BsS 30,000 per month. On Official Gazette Nº 6,452 of... read more →

During the month of April 2019 the public and private sector will have a special working time from 8:00 a.m., until 02:00 p.m. In the Official Gazette of the Bolivarian... read more →

The Tax Unit will increase from March 7, 2019, going from seventeen Bolivars Bs.17 to fifty Bolivars Bs. 50. In the Official Gazette of the Bolivarian Republic of Venezuela No.... read more →

For workers in the public and private sectors are declared as non-working days on February 28 and March 1, 2019. In the Official Gazette of the Bolivarian Republic of Venezuela... read more →

On October 22, the appointment of the board of directors of the State’s Company Petróleos de Venezuela, a key player in the country's economy. In the Official Gazette No. 41,507... read more →

The commission will have 5 members and its objective will be to prepare the plan for the reorganization of PDVSA and its subsidiaries, which will be carried out until December... read more →

After this decree, the illegal exchange will be able to reduce the penalty by up to two-thirds for operations that do not exceed  USD 10,000. The Constitutional Decree that Abrogares... read more →

This resolution is intended to regulate the sale of diluted crude oil made by Petróleos de Venezuela S.A and its subsidiaries.  In the Official Gazette No. 41,399 dated May 17,... read more →

The special regime for the operational and administrative management of the oil industry aims to increase the country's oil production capacity. In Official Gazette No. 41,376 dated April 12, 2018,... read more →

On April 9, 2018, the SUPCACVEN superintendence of cryptoactives and related Venezuelan activities was created in order to regulate the cryptoactives. Decree No 3.355 creating the Superintendence of the Venezuelan... read more →

The regime of validation of contracts is given in order to have them fulfilled the corresponding requirements and sanction in case of non-compliance. In the Official Gazette of the Bolivarian... read more →

The exchange agreement allows individuals and legal entities to participate as bidders and applicants in the process of foreign exchanges auctions. In the Official Gazette 6,300 Extraordinary dated May 19,... read more →