ANNOUNCED AS TEMPORARYNo
Internal taxation of imports
On 13 December 2011, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.699 which temporarily eliminates the Value Added Tax (VAT) on imports of rubber, iron, steel and glass products, electric equipment, and other machinery for use exclusively in the construction sector.
This measure entered into force on the same day for the period of two years.
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