Venezuela has introduced a new tax exemption for qualifying individuals and companies in the agricultural sector, including harvesting, threshing, storage, etc., as well as activities in the livestock, forestry, fisheries, and aquaculture sub-sectors. To qualify for the exemption, the main requirement is that 100% of the amount of tax exempted must be reinvested into R&D, improvement of productivity, or capital goods used for the exempted activity. For this purpose, the investment plan an…