IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 09 Apr 2013 | Removal date: 09 Apr 2014

Tax or social insurance relief

On 8 April 2013, the President of the Republic, Nicolas Maduro Moros, adopted Decree No. 9.470 which temporarily eliminates the Value Added Tax (VAT) on imports of motor vehicles for transporting persons in the military sector.
 
The corresponding HS tariff lines are 8703.22 and 8703.23. The decree only applies to the brands FIAT, RENAULT and VOLKSWAGEN. Only vehicles for use exclusively in the military sector enjoy the stated benefit.
 
This measure entered into force on 9 April 2013 and expires after one year.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc

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