ANNOUNCEMENT 25 Jan 2012In January 2012, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
Presidential decree No. 8.780 of 2012 (in Spanish),
On 25 January 2012, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.780 which temporarily eliminates the Value Added Tax (VAT) on imports of 10,000 motor vehicles of the brand CHEVROLET corresponding to tariff line 8703.23.00.20.
This measure entered into force on the same day for the period of one year.