ANNOUNCEMENT 07 Jun 2011

In June 2011, the government of Venezuela announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Presidential decree No. 8.278 of 2011 (in Spanish),
http://www.tsj.gov.ve/gaceta/junio/1462011/1462011-3160.pdf#page=3


Inception date: 14 Jun 2011 | Removal date: 13 Jun 2012
Still in force

Tax or social insurance relief

On 7 June 2011, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.278 which temporarily eliminates the Value Added Tax (VAT) on imports of valves corresponding to tariff line 8481.
 
This measure entered into force on 14 June 2011 for the period of one year. 

AFFECTED SECTORS