ANNOUNCEMENT 20 Oct 2009In October 2009, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
Presidential decree No. 6.985 of 2009 (in Spanish),
On 20 October 2009, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 6.985 which eliminates the Value Added Tax (VAT) on imports of goods corresponding to 715 tariff lines for use in the manufacturing and construction industries.
This measure entered into force on 23 October 2009.