ANNOUNCEMENT 17 May 2011In May 2011, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
Presidential decree No. 8.220 of 2011 (in Spanish),
On 17 May 2011, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.220 which temporarily eliminates the Value Added Tax (VAT) on imports of goods for use in the assembly of CDMA (code division multiple access) equipment used by radio communication technologies.
This measure entered into force on the same day for the period of one year.