On 28 March 2016, Venezuela published Decree 2,287 in the Official Gazette, which extends and modifies an income tax exemption that expired the end of 2015 for taxpayers engaged in specified activities in the agriculture, animal husbandry and forestry sectors. The conditions for the exemption include:
- The taxpayer must be registered for the exemption;
- The amount of tax exempted must be reinvested in the following year into research and development, productivity improvements, or capital asset…