ANNOUNCEMENT 25 Apr 2011In April 2011, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
Presidential decree No. 8.170 of 2011 (in Spanish),
On 25 April 2011, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.170 which temporarily eliminates the Value Added Tax (VAT) on imports of prefabricated buildings corresponding to tariff line 9406 from Uruguay.
This measure entered into force on 26 April 2011 for the period of two years.