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: 29 Dec 2017 | Removal date: open ended
Still in force

FDI: Financial incentive

Article 23 of the Constitutional Law of Productive Foreign Investment issued by the National Constituent Assembly of Venezuela on December 29, 2017, establishes that the new rules concerning this law will incorporate tax exemptions for investors.

In addition, this article also contemplates other financial incentives such as accelerated amortizations and special credit conditions.

Moreover, the Constitutional Law of Productive Foreign Investment also contemplates the possibility of incorporating import duties exemptions. 

AFFECTED COUNTRIES

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