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
Inception date: 24 Sep 2013 | Removal date: open ended
Still in force

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