ANNOUNCEMENT 23 Jul 2012

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

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Presidential decree No. 9.108 of 2012 (in Spanish),
http://www.tsj.gov.ve/gaceta/Julio/2372012/2372012-3481.pdf#page=3


Inception date: 23 Jul 2012 | Removal date: 23 Jul 2013
Still in force

Tax or social insurance relief

On 23 July 2012, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 9.108 which temporarily eliminates the Value Added Tax (VAT) on imports of 300 pickup motor vehicles of the brand TOYOTA for use in the electric sector.
 
This measure entered into force on the same day for a period of one year.

AFFECTED SECTORS