Our firm has ample experience in taxation. We provide advice to foreign clients doing business in Venezuela to structure their business operations in a tax efficient manner. The financial and corporate structures to be used in projects in Venezuela should be carefully analyzed, taking into consideration the tax implications for each structure. The decision to fund operations in Venezuela through debt or equity, should take into account the Venezuelan income tax inflation adjustment rules.
We also provide advice for particular transactions, including advice on income tax (including inflation adjustment rules, withholdings, technology agreements), wholesale tax, municipal taxes and other special taxes and the recently approved agreements to avoid double taxation entered into by Venezuela.