ANNOUNCEMENT 18 Feb 2013In February 2013, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
Decree No. 9.388 of 2013 (in Spanish),
On 18 February 2013, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 9.388 temporarily eliminating the Value Added Tax (VAT) on imports of paper and carton coated with plastic corresponding to HS tariff line 4811.51.20 for use exclusively in the packaging industry.
This measure entered into force on the same day and is applied for a period of two years.