ANNOUNCEMENT 14 Aug 2012In August 2012, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
Presidential decree No. 9.133 of 2012 (in Spanish),
On 14 August 2012, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 9.133 which temporarily eliminates the Value Added Tax (VAT) on imports of 8,000 motor vehicles of the brand CHEVROLET corresponding to tariff line 8703.22.00.90.
This measure entered into force on the same day for the period of one year.