ANNOUNCEMENT 24 Sep 2013In September 2013, the government of Venezuela announced a targeted tax change.
NUMBER OF INTERVENTIONS
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
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:
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.