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: 14 Aug 2012 | Removal date: 14 Aug 2013

Tax or social insurance relief

On 14 August 2012, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 9.133 which temporarily eliminates the Value Added Tax (VAT) on imports of 8,000 motor vehicles of the brand CHEVROLET corresponding to tariff line 8703.22.00.90.
 
This measure entered into force on the same day for the period of 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

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