ANNOUNCEMENT 04 May 2010In May 2010, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
Presidential decree No. 7.407 of 2010 (in Spanish),
On 4 May 2010, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 7.407 which temporarily eliminates the Value Added Tax (VAT) on imports of goods for use in the television and radio sector such as plastic and aluminum products, data processing machines and parts thereof, electrical transformers and converters, recording instruments, wires and cables among others.
This measure entered into force on the same day for the period of one year.