On this episode of the Compliance Podcast of the Caracas Office, Jesus Davila speaks to Marco Andrade, specialist on ISO norms. Marco will guide us into the fascinating world of the ISO Norms and their applicability in the corporate environment, as well as the opportunity to incorporate such norms in the corporate systems for managing risks and quality control. Furthermore, it is very interesting to review how the ISO Norms define a space for the creation of integrity protocols for companies.
Artificial intelligence (AI) continues to transform the workplace. Much like in countries across the globe, the benefits of new AI technology are gaining traction in Latin America. However, employers should be aware of its risks, particularly in our regions’ context
The Superintendent of the Venezuelan Tax Authority issued Administrative Ruling No. SNAT/2023/00005, which designates who may be designated as a special taxpayer, their obligations and other relevant aspects. The Ruling repealed Administrative Ruling No. SNAT/2007/06852 and entered in force on 15 March 2023.
The Ministry of Economy, Finance and Foreign Trade issued Resolution No. 001-20231 whereby it adds 64 tariff codes to Appendix I of the Decree No. 4,757 of 29 December 2022, establishing exemptions from the payment of value-added tax and import charges on imports of several goods.
Welcome to this Podcast called Legal myths and realities about family businesses. This space was created with the purpose of conducting a series of interviews dedicated to the main problems of Venezuelan Family Businesses, debunking myths and discussing their main legal problems in a globalized and increasingly sophisticated world. These conversations will be led by Jesús A. Villegas-Ruiz, Senior Associate of the Corporate and Compliance practice of Baker McKenzie Caracas. In the first chapter of this series of interviews, Jesús talks to Raúl Angulo, General Manager of TEALCA, C.A., about the problems of good corporate governance in decision-making in family businesses.
On 29 December 2022, the National Executive issued Decree No. 4,758, which adopts the legal regime of goods and the Common Customs Tariff Schedule of the States Parties of MERCOSUR (NCM). The Decree entered into force on 3 January 2023, five days after its publication on 29 December 2022.
The National Executive issued the Decree No. 4,766 on 9 January 2023, which extends the waivers of Legal Regimes for export until 9 June 2023. Said waivers were established on 9 June 2021 by the Decree No. 4,5252 regarding Optimization of Export Processes, which was extended until June 2022. The Decree established its validity as of 9 December 2022, having a retroactive effect.
The National Executive issued Decree No. 4,757 on 29 December 2022 which establishes exemptions from payment of VAT and customs duties for imports of various goods in Chapter II of the Decree. The Decree entered into force on 29 December 2022 and will apply the exemption benefits until 30 June 2023.
Presidential Decree No. 4.752 of 7 December 2022 established the Sub-Customs of Tienditas, which is tasked with the Management of the Main Customs Office of San Antonio del Táchira. The Decree entered into force on 7 December 2022.
On November 26, 2022, the US Department of the Treasury’s Office of Foreign Assets Controls issued General License 41 authorizing Chevron Corporation to resume limited oil extraction operations in Venezuela and accompanying FAQs. According to the accompanying press release, OFAC issued GL 41 after Unitary Platform and President Maduro’s regime announced the resumption of negotiations; a humanitarian agreement focused on education, health, food security, flood response, and electricity programs that will benefit the Venezuelan people; and agreement on the continuation of talks focused on the 2024 elections. OFAC also issued an updated General License 8K extending certain limited wind-down activities with Petróleos de Venezuela SA until 25 May 2023.