Venezuela

Designation of new value-added tax (VAT) withholding agents

Administrative Ruling N° SNAT/2025/000054, designated VAT withholding agents, was published in Official Gazette N° 43.171, dated 16 July 2025. The main change from the previous Ruling relates to withholding agents, as the Ruling provides that all individuals designated and notified as special taxpayers who are incorporated as sole proprietorships will also qualify as VAT withholding agents. The rest of the rules regarding applicable withholding and procedure are maintained. The Administrative Ruling entered into force on 1 August 2025.