In brief

The Ministry of Economy, Finance and Foreign Trade issued Resolution No. 001-2023¹ (“Resolution“) whereby it adds 64 tariff codes to Appendix I of the Decree No. 4,757 of 29 December 2022 (“Decree“),² establishing exemptions from the payment of value-added tax (VAT) and import charges on imports of several goods.

The exemption from these 64 tariff codes is only applicable to imports whose consignee or final acceptor of the goods is the decentralized state-owned Venezuelan conglomerate, Venezuelan Corporation of Guyana CVG.

The Resolution entered into force on 14 February 2023.

In detail

1. The Decree establishes an exemption of 90% from import tax and VAT on definitive imports of goods classified in the tariff codes established in Appendix I of the Decree. There are 1,567 tariff codes in Appendix I. The Decree establishes this tax benefit as a full right.

For more information about the Decree, please consult our legal alert at the following link (available in English).

2. The Resolution adds 64 tariff codes to Appendix I of the Decree and is only applicable to imports whose consignee or final acceptor of the goods is the decentralized state-owned Venezuelan conglomerate, Venezuelan Corporation of Guyana CVG.
3. The goods corresponding to the tariff codes are (i) natural magnesium carbonate (magnesite); (ii) quicklime; (iii) feldspar, leucite, nepheline syenite or fluorspar with a calcium fluoride content less than or equal to 97% by weight; (iv) anthracite; (v) and tar, among others.
4. Specifically, the Resolution has added the following 64 tariff codes: 

2519.90.90.00, 2522.10.00.00, 2529.21.00.00, 2701.11.00.00, 2708.10.00.00, 2804.30.00.00, 
2804.40.00.00, 2804.61.00.00, 2804.69.00.00, 2811.22.90.00, 2815.12.00.00, 2826.12.00.00, 
2826.30.00.00, 3506.99.00.00, 3816.00.19.00, 3801.30.10.00, 3906.90.49.90, 3919.90.90.00, 
4009.11.00.00, 4009.21.90.00, 4009.42.90.00, 4010.11.00.00, 4010.12.00.00, 4010.19.00.00, 
4010.39.00.00, 4406.92.00.00, 4812.00.00.00, 5911.20.90.00, 6815.99.90.00, 6902.10.18.00, 
6902.20.10.00, 6902.20.92.00, 6903.90.92.00, 6903.90.99.00, 7201.10.00.00, 7202.30.00.00, 
7202.60.00.00, 7202.93.00.00, 7202.19.00.00, 7219.22.00.00, 7225.99.90.00, 7304.29.39.00, 
7304.49.00.00, 7306.90.20.00, 7314.14.00.00, 7315.11.00.00, 7315.12.90.00, 7315.89.00.00,
7325.99.90.00, 7326.11.00.00, 7405.00.00.00, 7605.29.90.00, 8431.10.10.00, 8482.10.90.00,
8484.90.00.00, 8501.40.19.31, 8504.31.19.00, 8537.20.90.00, 8544.20.00.00, 8544.60.00.00, 
9026.10.19.00, 9026.10.29.00, 9026.20.10.90 and 9026.80.00.00.

Click here to access the Spanish version.

1 Official Gazette No. 42,579 of 14 February 2023.

2 Official Gazette No. 6,727 of 29 December 2022.