Carlos Fernández-Smith joined our Caracas office in 2000. Previously he spent five years at an international law firm that was affiliated with an accounting firm and seven years in the tax department of an international accounting firm.
Mr. Fernández-Smith focuses on tax planning and advisory services, tax due diligence, specifically as applied to corporate reorganizations and acquisitions, international double taxation, service joint ventures and consortia (particularly in the areas of construction and oil and gas), service agreements, retail and distribution, cross-border leasing and financing structures, royalty and technical assistance contracts and international employee assignments. He has also participated in substantial income tax, VAT and municipal tax litigation cases, including the negotiation of settlements.
Mr. Fernández-Smith has been listed as a leading tax advisor in Venezuela by International Tax Review.
On December 14, 2016, under the framework of the National Economic Emergency Decree, the president of the republic passed Decree No. 2,602 by which a Value Added Tax (VAT) rate of 10% was set for transactions paid through electronic means, as published in Official Gazette No. 41,052. .
December 29, 2016
On August 2, 2016, the Constitutional Chamber of the Supreme Court of Justice (CC of the SCJ) issued a decision on an action for annulment filed by practicing lawyer R. Guilarte against article 31 of the 2014 Income Tax Law (ITL).
August 08, 2016
Norton Rose Fulbright is pleased to announce that the IFLR1000 2015 highlighted Latin American members in practice areas and top lawyers categories for 2015. .
July 13, 2015