ANNOUNCEMENT 08 Apr 2013In April 2013, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
Decree No. 9.468 of 2013 (in Spanish),
On 8 April 2013, the President of the Republic, Nicolas Maduro Moros, adopted Decree No. 9.468 which temporarily eliminates the Value Added Tax (VAT) on imports of transformers corresponding to tariff line 8504.33 and on sacks and bags corresponding to tariff line 4819.40 for use exclusively in the cement industry.
This measure entered into force on 9 April 2013 for the period of one year.