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Venezuela: Elimination of VAT on imports of goods for the manufacturing and construction sectors

Description

On 20 October 2009, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 6.985 which eliminates the Value Added Tax (VAT) on imports of goods corresponding to 715 tariff lines for use ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 Oct 2009

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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