This week, the Venezuelan government announced its decision to exempt the import of fuels and additives from taxes.

This is stated in Official Gazette No. 43,292, dated January 9, 2026, which published Decree No. 5,207, establishing the exemption from “Value Added Tax, Import Tax, and Customs Regime Determination Fee, on definitive imports and sales within the national territory of fuels derived from hydrocarbons.”

The Decree also establishes the exemption for “inputs and additives intended to improve the quality of gasoline, produced directly by the State, or by companies wholly owned by the State, or by mixed enterprises with State and private capital participation in any proportion, and by private companies, in accordance with the provisions of Article 58 of the Organic Hydrocarbons Law.”

To comply with this government order, it is specified that, for the purpose of enjoying the tax exemption, beneficiaries must submit the following documents to the respective Customs Office when registering their declaration:

– A descriptive list of the tangible personal property to be imported.

– A commercial invoice issued to the agency or entity responsible for acquiring the tangible personal property to be imported.

– An official letter of exemption from Import Tax and the Fee for Determining the Customs Regime issued by the National Integrated Customs and Tax Administration Service (SENIAT).

The legal instrument also specifies that “the final imports of tangible personal property must be carried out through the same customs office chosen by the beneficiary of the exemption.” If the beneficiary needs to make final imports of tangible personal property through a customs office other than the one selected, they must notify the customs office of entry.

M.Pino

Source: ultimasnoticias

(Reference image source: engin akyurt on Unsplash)

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The president of the Venezuelan Book Chamber (Cavelibros), Adriana Olivares, announced last week the reinstatement of the Value Added Tax (VAT) exemption for book imports.

The tax incentive, which had been suspended in June, will allow publishing companies and bookstores to offer better prices to consumers.

According to Olivares, between July and September, the new legal framework applied to imports “introduced bureaucratic hurdles that forced some distributors to pay VAT on book imports.”

The reinstatement of the exemption will allow both bookstores and publishing companies to continue selling books at more affordable prices.

Stakeholders in the sector have begun meetings with government agencies to learn the details of the new import parameters from the Foreign Trade Committee (Comex) and ensure compliance with the law.

M.Pino

Source: bancaynegocios

(Reference image source: Susan Q Yin on Unsplash)

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La entrada Venezuela reinstates VAT exemption for book imports apareció primero en Bitfinance.

To facilitate the consultation and payment of Municipal, National taxes and other contributions of both Ordinary and Special Taxpayers, online with public agencies, Bancamiga has a robust platform 24 hours a day, 365 days a year.

Through Bancamiga Online and Bancamiga Suite, clients can fulfill their obligations quickly and safely.

Bancamiga makes it easier for its clients to manage their transactions

Bancamiga’s technological platform, which has a user-friendly interface, allows you to pay municipal taxes in the municipalities of Sucre, El Hatillo, Chacao, Libertador and Baruta (Caracas); Gran Sabana, Caroní and Angostura del Orinoco (Bolívar); Vargas (La Guaira); Valencia (Carabobo); Girardot (Aragua); Simón Rodríguez (El Tigre/Anzoátegui); San Carlos (Cojedes); San Francisco (Zulia) and Maneiro (Nueva Esparta). These municipalities also have a Payment Button on their websites and points of sale to pay online regardless of their financial institution.

The banking institution informs that, to make the payment of taxes, duties and fees you only have to enter www.bancamiga.com (https://www.bancamiga.com) or go to the mobile application, Collection Service option, complete the requested information and make the payment.

Also, on the website and in the Bancamiga Suite mobile application, in the Services option, clients can make the payment of Cantv, Corpoelec and FOSPUCA, among other services.

Quick and secure payments with Bancamiga

Through the Collection Service, Ordinary and Special Taxpayers can pay through Bancamiga any tax or fee under the control of the National Customs and Tax Administration Service (SENIAT) such as Income Tax, VAT, Withholdings, among others, both their own and third parties. Likewise, in specific SENIAT offices they can make the payment of taxes through points of sale, only by presenting the payment form or their data.

The procedures of the Autonomous Registry and Notary Service (SAREN) and the obligations associated with SUNAGRO are also available in the Collection Service option.

In this way, Bancamiga facilitates the procedures of its clients and satisfies needs that positively impact their quality of life.

With information and reference images provided by Bancamiga Banco Universal

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La entrada Bancamiga facilitates the consultation and payment of National, Municipal taxes and fees apareció primero en Bitfinance.

During this month of March, the countdown for the payment of the ISLR began for both Ordinary and Special Taxpayers of the National Customs and Tax Administration Service (SENIAT©), according to the corresponding calendar. Payments through Bancamiga Banco Universal can be made at any time, 365 days a year.

For Bancamiga customers, the process is very simple and fast, since they have a modern platform through Bancamiga Online and the Bancamiga Suite application.

Ordinary and Special taxpayers can cancel VAT, VAT withholdings, advances of ISLR, ISLR, ISLR Withholdings, IGTF and any other tax under the control of SENIAT, both their own or that of third parties. The latter prior authorization on the SENIAT portal, explains a statement from the institution.

More options to make life easier for Bancamiga customers

The Executive President of Bancamiga, Ariel José Martínez Coujil, affirmed that Bancamiga’s efforts are permanent to add more facilities that satisfy the needs and expectations of its customers, based on innovation.

In this sense, Bancamiga recently incorporated into the Saime web portal the option to pay online for the procedures of the Administrative Service for Identification, Migration and Immigration. Clients can now also immediately cancel requests for a new passport, extension and data certification.

Interested parties must log in at www.saime.gob.ve, complete the information requested by that body and select Bancamiga from the list of payment receiving banks.

“All this work that is carried out with great dedication and mysticism seeks for clients to carry out their procedures digitally, from anywhere and at any time,” Martínez stressed.

Just like the payment of taxes before SENIAT and Saime, Bancamiga receives the SUNAGRO Commitment Payment, both from natural and legal persons, members of the National Comprehensive Agri-Food System.

Likewise, the possibilities for natural and legal clients to make payments of municipal taxes, rates and patents are permanently expanded, through Bancamiga Online, option of Public Organizations/CITY HALLS, without additional charges. You can quickly and safely pay the taxes of the mayors of Sucre, Baruta, El Hatillo, Bolivarian Mayor of Caroní (Bolívar), Mayor of Girardot (Aragua) and Simón Rodríguez Mayor (El Tigre).

The idea is to incorporate more and more other Public Organizations into this process, concludes the statement from the financial and banking private organization.

With information from Bancamiga

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La entrada With Bancamiga, SENIAT taxes are paid quickly and safely apareció primero en Bitfinance.

Decree No. 4,784 was recently published, which exempts cryptocurrency purchase/sale operations, such as Bitcoin, and payments made with these assets for goods and services within Venezuelan territory from the payment of the Tax on Large Financial Transactions (IGTF).

This measure also applies to remittances sent from abroad through authorized institutions using cryptocurrencies or other assets other than the Petro, which means that the beneficiaries will not be subject to tax. The duration of this provision will be one year from the date of publication in the Official Gazette number 42,575.

In addition, exchange operations carried out by natural and legal persons will also be exempt from the tax, according to this new provision. However, the “special taxpayers” designated by the Tax Code of the oil nation will not benefit from the rule and must contribute the respective rate, which ranges between 2% and 20%, depending on the type of operation carried out. and specified in the Official Gazette No. 6,687.

The IGTF exemption on cryptocurrency transactions is an important step to promote the adoption of these currencies in the country, which may have an impact on the cryptocurrency market in Venezuela.

K. Tovar

Source: Descifrado

(Reference image source: file)

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La entrada IGTF will exempt cryptocurrency operations apareció primero en Bitfinance.

Bancamiga Banco Universal continues to be the financial entity of reference in the banking sector, receiving 24 hours a day, 365 days a year, the payment of Ordinary and Special Taxpayers of the National Customs and Tax Administration Service (SENIAT©), through Bancamiga online and Bancamiga Suite, indicates an explanatory statement.

All Ordinary Taxpayers and those classified by SENIAT as Special can pay VAT, VAT withholdings, ISLR advances, ISLR, ISLR Withholdings, IGTF and any other tax under SENIAT control, with ease, thanks to the fact that Bancamiga has with a modern platform that allows immediate payment management, any day and at any time.

For Bancamiga, one of the most important financial institutions in the country, it is essential to simplify the lives of customers. That is why when you enter Bancamiga Online or Bancamiga Suite and go to the Public Organizations/SENIAT option, you can pay your taxes or those of third parties. The latter prior authorization on the SENIAT portal, as detailed in the information.

The obligations associated with that Institution can also be paid through the Public Organizations/SUNAGRO option.

More facilities for all taxpayers

In recent months, the possibilities have been expanded for natural and legal clients to make payments of municipal taxes, through the option of Public Organizations/CITY HALLS: of the mayors of Sucre, Baruta, El Hatillo, Bolivarian Mayor of Caroní ( Bolívar) and Mayor of Girardot (Aragua), safely, quickly and immediately, at any time of the day. Likewise, Bancamiga continues in an accelerated manner in the process of incorporating new mayors’ offices and other payments.

The executive president of Bancamiga, Ariel José Martínez Coujil, expressed his satisfaction with the efforts to improve the quality of life of customers, optimizing their time when carrying out these procedures digitally and from anywhere without the need to do so in person.

Bancamiga is consolidated in the financial system as a bank with high standards and quality of service that makes processes easier and more innovative for natural and legal persons, the institution highlighted.

With information from Bancamiga

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La entrada Bancamiga receives payment of national and municipal taxes apareció primero en Bitfinance.

As of Monday, October 3, Bancamiga customers can pay their taxes at the Alcaldía de Baruta through Bancamiga Online.

In this way, Baruta joins the Alcaldía de Sucre, which two years ago was incorporated into the Public Organizations module that Bancamiga has in its web version and in its Bancamiga Suite application, reports a statement from the banking institution.

Once this module is entered, customers can pay the SENIAT, Sunagro and Alcaldías’s taxes, adds the information.

The incorporation of Baruta was possible after Bancamiga modernized its platform, which allows easier and faster payment processes, 24 hours a day, 365 days a year.

“Soon, the Alcaldía de Girardot, Aragua state, will also be added to the payment options, which ratifies Bancamiga’s effort to continue growing and providing excellent service to our customers and related parties.”

The comfort of an all-in-one technological platform

In this line of offering greater facilities, from Thursday, September 15, companies classified as Special Taxpayers can pay VAT, VAT withholdings, ISLR advances, ISLR, IGTF and any other tax under SENIAT control, through Bancamiga Online and Bancamiga Suite.

For the executive president of Bancamiga, Ariel José Martínez, it is important to simplify customers’ lives and optimize their time by carrying out these procedures digitally and at any time of the day.

“At Bancamiga it is key to be a bank with high standards and quality of service, with simple and innovative processes for natural and legal persons”, he specified.

With information from Bancamiga

La entrada Taxes from Alcaldía de Baruta can be paid through Bancamiga Online apareció primero en Bitfinance.

As of September 15, Special Taxpayers will be able to make their payments to the National Customs and Tax Administration Service (SENIAT), through Bancamiga Online and Bancamiga Suite.

All taxpayers will be able to pay VAT, VAT withholdings, income tax advances, income tax, IGTF and any other tax controlled by SENIAT, through Bancamiga Online and Bancamiga Suite 365 days a year, due to the robust technological system of Bancamiga Banco Universal, which operates 24 hours a day, requires a statement from the institution informing about this new facility or advantage.

The executive president of Bancamiga, Ariel José Martínez, expressed his satisfaction with the decision taken by the Public Administration that will also allow Special Taxpayers to pay their taxes immediately at any time of the day in an easy, fast and secure way, once make your statements.

As our technological platform is state-of-the-art, customers can access the page http://www.bancamiga.com or by using our “Bancamiga Suite / Banca OnLine” application at any time. By the Public Organizations/SENIAT Option and pay your taxes or those of third parties. The latter with prior authorization on the SENIAT wbsite.

State-of-the-art technology to facilitate processes

For Ariel José Martínez, executive president of Bancamiga, the fact that most of the time customers prefer to carry out their procedures online considerably benefits the institution, because Bancamiga is a technological bank, which understood long ago that face-to-face processes generate slowness and make all more complex.

Bancamiga is one of the five main banks in the country’s financial system, a leader in technological innovation, which is connected online with SENIAT 365 days a year, 24 hours a day.

The fact that Bancamiga is a bank with high technological capacity and a permanent connection with SENIAT makes the processes very simple and expeditious for taxpayers, whether they are natural or legal persons, giving them a competitive advantage, the statement concludes.

With information from Bancamiga

La entrada Bancamiga will receive tax payments from Special Taxpayers apareció primero en Bitfinance.

Russia’s parliament has passed a new bill that exempts issuers of cryptocurrencies and digital assets from canceling value-added tax (VAT) on “certain basic taxes.”

The new bill also establishes a “tax rate of 13 % for Russian companies and 15 % for foreign ones on income taxed from digital assets.”

The rule passed the first link to become law. According to the bureaucratic procedures of the Russian state, the legal norms must be approved in the first instance by the parliament in the lower house, then they must be discussed and sanctioned by the upper house and later be endorsed by the president of the republic.

With the approval of the project, it constitutes a transformation in the way of seeing digital assets by the government of Vladimir Putin, who are approaching cryptocurrencies as a consequence of the economic situation resulting from the war with Ukraine.

As it will remember, the Central Bank of Russia at the beginning of the year tried to implement a “general prohibition” of digital currencies in the country. And although the proposal was not accepted, the financial entity considers that cryptocurrencies “potentially increase the financial instability of Russian citizens.”

M. Rodríguez

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Source: bitcoin.es

La entrada Russian law exempts cryptocurrency issuers from taxes apareció primero en Bitfinance.

El Salvador will create the Bitcoin City. This was announced by the President of the Republic of El Salvador, Nayib Bukele, within the framework of the closing of the “Bitcoin Week” event, which aimed to promote blockchain technology.

The new city Bitcoin City will have as a source of financing a single tax that will be VAT in the order of 10 %, with which it will pay for services and infrastructure investments. “Half will be used to pay the municipal bonds and the rest for public infrastructure and city maintenance,” Bukele indicated.

The new bitcoin city, the first in the world, will operate in the La Unión department, which is the most populated in the Conchagua municipality. Citizens will be able to work in the #BitcoinCity and live in the Union, as well as enjoy and take advantage of the investment and development benefits that the new city will provide.

¡El Salvador será el primer país del mundo en tener una #BitcoinCity!
Estará entre la ciudad de La Unión y Conchagua. Las personas podrán vivir en La Unión pero trabajar en la #BitcoinCity. Pronto empezarán a ver todos los beneficios, cuando el desarrollo y la inversión llegue. pic.twitter.com/21bx7Yc5aJ

— Casa Presidencial 🇸🇻 (@PresidenciaSV) November 21, 2021

Ecological Bitcoin city

Another characteristic of the Bitcoin City is that it will work with renewable energy, stimulated by the Conchagua volcano and the government plans to finance it with bitcoin bonds in the beginning.

President Bukele, together with Samson Mow, Blockstream’s director of strategy, announced that, for next year, El Salvador will be issuing “bitcoin sovereign bonds” for a value of one billion dollars, with which they plan to start the construction of this new city.

The objective is “to facilitate investment in business and technology.” The new city will have green areas, spaces to share and work and everything will be digital, said Bukele.

M. Rodríguez

Source: lahora.gt

La entrada El Salvador will create the Bitcoin city apareció primero en Bitfinance.