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. 6.575 of 2008 (in Spanish),
http://www.tsj.gov.ve/gaceta/diciembre/231208/231208-39086-12.html


Inception date: 23 Dec 2008 | Removal date: 23 Dec 2009
Still in force

Tax or social insurance relief

On 23 December 2008, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 6.575 which temporarily eliminates the Value Added Tax (VAT) on imports of minibuses from the brand TOYOTA.
 
This measure entered into force on the same day for a one year period.

AFFECTED SECTORS