ANNOUNCEMENT 14 Aug 2012

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

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Presidential decree No. 9.133 of 2012 (in Spanish),
http://www.tsj.gov.ve/gaceta/Agosto/1482012/1482012-3525.pdf#page=37


Inception date: 14 Aug 2012 | Removal date: 14 Aug 2013
Still in force

Tax or social insurance relief

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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS