The Office of the National Superintendent of Securities (SUNAVAL) has authorized the Decentralized Stock Exchange of Venezuela, S.A. (BDVE) to act as a decentralized stock exchange as of 19 January 2021 (“Guidelines”),1 after the trial period of 90 days under Guidelines No. 146.
In brief The Ministry of Popular Power for Ecosocialism (“Ministry”) issued Resolution No. 0191 (“Resolution”)1, by which it established the rules on the extended liability of producers, importers and distributors of containers, paper packaging and wrapping, cardboard, plastic, disposable glass and tires (“Products”) for waste use and its incorporation in…
The Governor of the Carabobo state issued Decree No. 1,557 (“Decree”), whereby it set the value of the Special Tax Amount (“ITE”) in 0.00015 Petros (“PTR”), which will have as reference the value of the Sovereign Crypto asset Petro.  That equals to VES 8,833.41.  The previous value, set on 27 July 2020, was VES 1,500.00. The ITE must be paid in its equivalent only in VES, according to the final value of the immediately preceding business day indicated by the Central Bank of Venezuela.
The Decree entered into force on 1 December 2020.