ANNOUNCEMENT 08 Apr 2013

In April 2013, the government of Venezuela announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Decree No. 9.470 of 2013 (in Spanish),
http://www.tsj.gov.ve/gaceta/Abril/942013/942013-3675.pdf#page=2


Inception date: 09 Apr 2013 | Removal date: 09 Apr 2014

Tax or social insurance relief

On 8 April 2013, the President of the Republic, Nicolas Maduro Moros, adopted Decree No. 9.470 which temporarily eliminates the Value Added Tax (VAT) on imports of motor vehicles for transporting persons in the military sector.
 
The corresponding HS tariff lines are 8703.22 and 8703.23. The decree only applies to the brands FIAT, RENAULT and VOLKSWAGEN. Only vehicles for use exclusively in the military sector enjoy the stated benefit.
 
This measure entered into force on 9 April 2013 and expires after one year.

AFFECTED SECTORS

 
491

AFFECTED PRODUCTS

 
870322 870323