The effects of tax incentives in venezuelan special economic zones on non-traditional exports

Abstract

The objective of this study was to analyze the effects of the tax incentives established within Venezuela’s Special Economic Zones (SEZs) on non-traditional exports. The research employed an analytical documentary design based on secondary sources, national and international regulations, statutory and regulatory frameworks, specialized legal doctrine, and expert interviews published in digital media. The findings revealed that the Organic Law on Special Economic Zones (LOZEE) does not introduce any innovative incentives beyond those already provided under existing tax and customs legislation. Unlike other countries, where tax exemptions or customs duty relief constitute the primary incentives, the LOZEE establishes mechanisms such as the Drawback refund system and the Temporary Admission for Inward Processing (ATPA) suspension regime. Although both mechanisms are intended to facilitate export activity, they involve complex and time-consuming administrative procedures that limit their effectiveness as incentive instruments. In conclusion, the study determined that the current regulatory framework is insufficient to establish a genuinely attractive tax regime within Venezuelan SEZs, as it lacks direct and competitive measures capable of significantly promoting non-traditional exports