International Tax

Business Operations in Venezuela (Portfolio 993)

  • This Portfolio discusses the significant features of Venezuelan income tax law as applied to foreign investors conducting business activities in Venezuela.


In addition to a detailed discussion of the taxation of domestic and foreign legal entities and individuals, this Portfolio includes an analysis of the legal and regulatory provisions governing the conduct of business operations in the country. The Detailed Analysis addresses the principal business entities as well as the significant areas of investment and commercial regulations. It also discusses the most significant immigration and labor issues. Finally, the Detailed Analysis contains an in-depth analysis of the Venezuelan tax system. A guide to the Detailed Analysis is provided by a Table of Contents. A Table of Abbreviations is also included.
The Worksheets supplement the information contained in the Detailed Analysis with important economic and tax information, including the text of the U.S.-Venezuela income tax treaty.


Table of Contents

I. Venezuela – An Overview
II. Operating a Business in Venezuela
III. Forms of Doing Business in Venezuela
IV. Principal Taxes
V. Income Taxation of Domestic Corporations
VI. Taxation of Foreign Corporations
VII. Taxation of a Branch
VIII. Taxation of Partnerships
IX. Taxation of Other Business Entities
X. Taxation of Resident Individuals
XI. Taxation of Nonresident Individuals
XII. Estate and Gift Tax
XIII. Business Assets Tax
XIV. Value Added Tax
XV. Inter-Company Pricing
XVI. Avoidance of Double Taxation

José García
PWC/Espiñeira, Pacheco Y Asociados
Luis Miranda
PwC España
Ramón Mullerat
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