The President of the Republic, Nicolás Maduro, announced this Tuesday that new Small and Medium-sized companies (SMEs) that register throughout the year 2021 will be exempt from paying fees to the Autonomous Registry and Notary Service (SAREN).
"It is established that the new micro and small companies that are created in 2021 will not pay fees either in Saren or in the Mercantile Registry, it will be totally free to facilitate the creation of micro and small companies," he said.
From the Miraflores Palace in Caracas, the Head of State announced that in the same way, the new micro and small companies that are created in this period will not pay Income Tax (ISLR) in the fiscal year that ends on December 31, this year.
"New micro and small businesses that are created in 2021 will not pay Income Tax (ISLR) until December 31, 2021, as long as they declare their income," he stressed.
On the other hand, he ordered to work on the Import Substitution Plan, to defend production by regulating tariffs to address the health emergency with these additional resources.
Similarly, he explained that the Single Productive Portfolio should be oriented to the agricultural productive sector to guarantee food for the people.
Finally, it announced the signing of a decree to extend the tenure until December 31, 2022.