ANNOUNCEMENT 15 Jan 2014

In January 2014, the government of Venezuela announced a change to the import-specific domestic duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Decree no. 732 of 15 January 2014, published in Official Gazette no. 40.396 of 22 April 2014 (in Spanish): http://www.tsj.gov.ve/gaceta/abril/2242014/2242014-3962.pdf#page=13

Noticiero Legal, news item (in Spanish): http://www.noticierolegal.com/politica-y-gobierno/presidencia-de-la-republica/14120-exoneran-del-pago-de-iva-a-las-importaciones-de-bienes-exclusivos-para-los-centros-de-deporte-de-paz.html


Inception date: 22 Apr 2014 | Removal date: open ended

Internal taxation of imports

On 15 January 2014, the President of the Republic, Nicolas Maduro, adopted Decree no. 732 which temporarily eliminates the Value Added Tax (VAT), import tariff, and the customs service tax on imports of various goods directed to the project 'Implementación Urbanística y Construccion de Centros de Deporte y Cultura (CDC) de Paz'.
 
The measure entered into force on 22 April 2014 and lasts one year.
 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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