ANNOUNCEMENT 25 Jan 2012

In January 2012, the government of Venezuela announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Presidential decree No. 8.780 of 2012 (in Spanish),
http://www.tsj.gov.ve/gaceta/enero/2512012/2512012-3347.pdf#page=1


Inception date: 25 Jan 2012 | Removal date: 24 Jan 2013
Still in force

Tax or social insurance relief

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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS