The National Executive issued the Decree No. 4,766 on 9 January 2023, which extends the waivers of Legal Regimes for export until 9 June 2023 (“Decree”)1 Said waivers were established on 9 June 2021 by the Decree No. 4,5252 regarding Optimization of Export Processes, which was extended until June 2022.
The Decree established its validity as of 9 December 2022, having a retroactive effect.
For more information regarding the waivers of the Legal Regimes for export, see the following link: “Venezuela: Decree on Optimization of Export Processes extended” in Se prorroga Decreto sobre Optimización y Dinamización de los Procesos de Exportación (bakerxchange.com)
1Official Gazette No. 42,544 of 9 January 2023.
2Official Gazette No. 42,145 of 9 June 2021.
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