The firm enters the Tax rankings, while Rodrigo Lepervanche and Azael Socorro receive individual Up and Coming recognitions. VICTUM Legal has been recognised in the Chambers Latin America 2027 Guide, marking a new milestone in the firm’s continued development and positioning in Venezuela. VICTUM Legal’s Tax practice has entered the rankings in Band 4. In addition, Rodrigo Lepervanche, […]

Through Administrative Ruling SNAT/2026/00084, published in Official Gazette No. 43,435 on August 12, 2026, the national tax authority eliminates the special regime governing invoicing software developers and providers while keeping general invoicing compliance rules fully in effect. The National Integrated Tax and Customs Administration Service (SENIAT) has repealed the Administrative Ruling that subjected providers of […]

Enacted and published in Extraordinary Official Gazette No. 7,065 on August 7, 2026, the new statute establishes a special framework for future housing leases, recognizing foreign currency rent agreements, an updated security deposit structure, and expedited dispute resolution procedures. Following its legislative approval on July 31, 2026, and subsequent publication in Official Gazette Extraordinary No. 7,065 […]

Issued under Circular SNAT/2026/4610 dated July 30, 2026, the national tax authority aligns its enforcement mechanisms with the Organic Law for the Expediency and Optimization of Administrative Procedures, steering compliance checks toward automated, online self-management systems. The National Integrated Tax and Customs Administration Service (SENIAT) issued Circular SNAT/2026/4610 on July 30, 2026, directing the adaptation of its inspection […]

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury issued General License No. 57, through which certain financial transactions that were previously prohibited under the Venezuela Sanctions Regulations (31 CFR Part 591) are authorized.

Yesterday, Thursday, January 29, 2026, OFAC issued General License No. 46, authorizing certain activities involving Venezuelan-origin petroleum.

This Thursday, January 29, 2026, the National Assembly approved in its second discussion the Partial Reform Law of the Organic Law of Hydrocarbons. This reform introduces modifications aimed at direct private sector participation in primary hydrocarbon activities—exploration, extraction, collection, transportation, and storage—as well as operational flexibility for joint ventures (empresas mixtas), the incorporation of new […]

Purpose: The National Executive establishes a tax exemption regime applicable to the definitive import and domestic sale of hydrocarbon-derived fuels, as well as inputs and additives intended for improving gasoline quality. The Decree aims to guarantee sustained access to fuels, ensure the operational continuity of the national productive system, and leverage the hydrocarbon industry within […]

Subject: Decree No. 5,200 declares a State of Foreign Commotion throughout the national territory. This measure is legally grounded in the existence of an external armed attack against Venezuelan territory that compromises National Security. Institutional Context (Supreme Tribunal of Justice Ruling): In accordance with Judgment No. 0001-3126-2026 of the Constitutional Chamber, and given the “material […]

On Monday, June 2, 2025, Administrative Ruling SNAT/2025/000048 was published in Official Gazette No. 468,263, readjusting the value of the Tax Unit, which increases from nine bolivars (Bs. 9.00) to forty-three bolivars (Bs. 43.00). It is important to highlight the following from the aforementioned Ruling SNAT/2025/000048:

The purpose of the Law is to establish mechanisms aimed at protecting social security pensions against the negative impact caused by unilateral coercive measures and other restrictive or punitive measures adopted against the country. General Aspects

On February 5, 2024, Administrative Ruling No. 015-004-2024 was published in Official Gazette No. 42,813, establishing the procedure for the Assessment, Self-Assessment, Payment, and Monthly Declaration of Contributions for Science, Technology, Innovation, and their Applications (“FONACIT”). The most significant aspects are as follows: