IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 03 Sep 2012 | Removal date: open ended

Tax-based export incentive

On 31 August 2012, Venezuela's Ministry of Planning and Finance (Ministerio del Poder Popular de Planificación y Finanzas) adopted Resolution No. 3248 introducing a tax refund regime entitled CERT (Certificados Especiales de Reintegro Tributario) of VEF 800 million (approx. USD 127 million) directed towards Venezuelan exporters in general.
 
This measure entered into force on 3 September 2012.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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