ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
On 6 January 2014, the President of the Republic, Nicolas Maduro, adopted Decree no. 726 which temporarily eliminates the Value Added Tax (VAT) on imports of cars belonging to Chinese car manufacturer Chery. The VAT exemption is limited to 12.000 cars. The measure entered into force on 7 January 2014 and lasts for a year.
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