ANNOUNCEMENT 24 Sep 2013

In September 2013, the government of Venezuela announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Decree no. 416 of 24 September 2013, published in Official Gazette no. 40.257 of 24 September 2013 (in Spanish): http://www.tsj.gov.ve/gaceta/septiembre/2492013/2492013-3797.pdf#page=4

Noticiero Legal, news item (in Spanish): http://www.noticierolegal.com/politica-y-gobierno/presidencia-de-la-republica/13927-exonerados-del-pago-del-iva-las-importaciones-de-bienes-de-higiene-personal-realizadas-por-los-organos-y-entes-de-la-administracion-publica-nacional.html


Inception date: 24 Sep 2013 | Removal date: open ended

Tax or social insurance relief

On 24 September 2013, the President of the Republic, Nicolas Maduro, adopted Decree no. 416 which temporarily eliminates the Value Added Tax (VAT) on imports of personal hygiene products:

  • Soap, 10'000'000 units
  • Toilet paper, 49'375'000 units
  • Diapers, 21'400'000 untis
  • Sanitary towels, 50'000'000 units
  • Tooth paste, 3'000'000 units

 
The measure entered into force on 24 September 2013 and lasts for a year.
 
The measure is classified as green, as it does not discriminate against any particular trading partner.

AFFECTED SECTORS

 
321 353

AFFECTED PRODUCTS

 
330610 330620 330690 340111 340119 340120 340130 481810 481820 481830