IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Mar 2014 | Removal date: open ended
Still in force

Tax or social insurance relief

On 25 March 2014, the President of the Republic, Nicolas Maduro, adopted Decree no. 858 which temporarily eliminates the Value Added Tax (VAT) on imports of following items:

  • 9 mm pistols, NCM (i.e., Mercosur Nomenclature) 9302.00.00, 1.463 units
  • arms marker, NCM 9305.10.00, 1.463 units
  • 9mm ammunitions, NCM 9306.90.00.19, 14.591 units
  • handcuffs, NCM 8301.10.00, 3.514 units
  • bullet proof vest, NCM 3926.90.90.90, 2.221 units
  • motorcycle tires, NCM 4011.40.00, 627 units

 
The items can be imported by governmental bodies and are limited to the project 'II Plan Excepcional de Adquisición de Bienes, Prestación de Servicios y Ejecución de Obras de la Gran Misión A Toda Vida Venezuela'.
 
The measure entered into force on 25 March 2014 and lasts for two years.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

282 Wearing apparel, except fur apparel
3926 Other articles of plastics and articles of other materials of headings 39.01 to 39.14.
392620 Articles of apparel and clothing accessories (including gloves, mittens and mitts)
361 Rubber tyres & tubes
4011 New pneumatic tyres, of rubber.
401110 Of a kind used on motor cars (including station wagons and racing cars)
401120 Of a kind used on buses or lorries
401130 Of a kind used on aircraft
401140 Of a kind used on motorcycles
401150 Of a kind used on bicycles
401161 Of a kind used on agricultural or forestry vehicles and machines
401162 Of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61 cm
401163 Of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm
401169 Other
401192 Of a kind used on agricultural or forestry vehicles and machines
401194 Of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm
401199 Other
369 Other plastics products
3926 Other articles of plastics and articles of other materials of headings 39.01 to 39.14.
392610 Office or school supplies
392640 Statuettes and other ornamental articles
392690 Other
429 Other fabricated metal products
8301 Padlocks and locks (key, combination or electrically operated), of base metal; clasps and frames with clasps, incorporating locks, of base metal; keys for any of the foregoing articles, of base metal.
830110 Padlocks
830130 Locks of a kind used for furniture
830140 Other locks
447 Weapons & ammunition & parts
9306 Bombs, grenades, torpedoes, mines, missiles and similar munitions of war and parts thereof; cartridges and other ammunition and projectiles and parts thereof, including shot and cartridge wads.
930621 Cartridges

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