Venezuela

Designation of new Value Added Tax withholding agents 

Administrative Ruling N° SNAT/2025/000054 designated Value Added Tax withhodling agents was published in Offical Gazette N° 43.171 date July 16, 2025. The main change on the previous Ruling relates to withholding agents, as the Ruling provides that 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 procedures, are maintained. The Administrative Ruling entered into force on August 1^st