ANNOUNCEMENT 23 Dec 2008

In December 2008, the government of Venezuela announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Presidential decree No. 6.577 of 2008 (in Spanish),
http://www.tsj.gov.ve/gaceta/diciembre/291208/291208-39088-4.html


Inception date: 29 Dec 2008 | Removal date: open ended
Still in force

Tax or social insurance relief

On 23 December 2008, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 6.577 which eliminates the Value Added Tax (VAT) on imports of tractors, crane trucks, cement mixer trucks, and dump trucks.
 
This measure entered into force on 29 December 2008.

AFFECTED SECTORS