ANNOUNCEMENT 19 Dec 2013

In December 2013, 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. 694 of 19 December 2013, published in Official Gazette no. 40.337 of 20 January 2014 (in Spanish): http://www.tsj.gov.ve/gaceta/enero/2012014/2012014-3891.pdf#page=2

Venezuela al D?a, news item of 21 January 2014 (in Spanish): http://www.venezuelaaldia.com/2014/01/exoneraran-del-pago-del-iva-1564-empresas-de-varios-sectores/


Inception date: 20 Jan 2014 | Removal date: open ended
Still in force

Internal taxation of imports

On 19 December 2013, the President of the Republic, Nicolas Maduro, adopted Decree no. 694 which temporarily eliminates the Value Added Tax (VAT) on imports of various goods belonging to the sector of capital goods, information technology, manufacturing, and construction.
 
The measure entered into force on 20 January 2014 and limits the VAT exemption for each importing company to three years.
 
The measure has been classified as green, since it reduces discrimination against foreign commercial interests (albeit only up to 3 years.)

AFFECTED PRODUCTS

 
401012 401019 401031 401032 401035 401039 590900 690919 730810 730820 730830 730840 730890 730900 732219 761290 820210 820240 820291 820299 820713 820719 820720 820750 820790 820890 840211 840212 840219 840290 840410 840490 840510 840682 840690 840710 840721 840729 840733 840734 840790 840810 840820 840890 840910 840991 840999 841013 841090 841112 841181 841182 841199 841210 841221 841229 841231 841280 841290 841319 841330 841340 841350 841360 841370 841381 841382 841391 841392 841410 841430 841440 841451 841459 841460 841480 841490 841510 841581 841582 841583 841590 841620 841710 841720 841780 841790 841810 841821 841829 841830 841840 841850 841861 841869 841899 841920 841931 841932 841939 841940 841950 841960 841981 841989 841990 842119 842121 842123 842129 842131 842139 842191 842199 842211 842219 842220 842230 842240 842290 842330 842410 842420 842430 842481 842489 842490 842519 842531 842539 842541 842542 842549 842611 842619 842620 842630 842641 842649 842691 842699 842710 842720 842790 842810 842820 842833 842839 842840 842890 842911 842920 842930 842940 842951 842952 842959 843041 843049 843050 843061 843069 843110 843120 843131 843139 843141 843143 843149 843210 843221 843229 843230 843240 843280 843290 843311 843319 843340 843351 843352 843353 843359 843360 843390 843410 843420 843490 843610 843621 843629 843680 843691 843699 843710 843780 843790 843810 843820 843830 843850 843860 843880 843890 843910 843991 843999 844010 844110 844140 844180 844190 844230 844250 844313 844316 844331 844332 844339 844399 844519 844540 844712 844790 844900 845011 845012 845019 845020 845090 845129 845140 845180 845210 845221 845229 845320 845510 845521 845522 845530 845710 845730 845899 845910 845921 845931 845969 845970 846090 846140 846150 846190 846221 846229 846231 846239 846299 846310 846330 846490 846510 846591 846592 846593 846630 846693 846694 846711 846719 846721 846722 846729 846781 846789 846792 846799 846820 846880 847010 847050 847090 847130 847141 847149 847150 847160 847170 847180 847190 847290 847330 847340 847350 847410 847420 847431 847432 847439 847480 847490 847710 847720 847730 847759 847780 847790 847910 847920 847930 847940 847950 847960 847981 847982 847989 847990 848041 848050 848060 848071 848079 848110 848120 848130 848140 848180 848190 848210 848220 848240 848250 848280 848291 848299 848310 848320 848330 848340 848350 848360 848390 848410 848420 848490 848610 848620 848630 848640 848690 848710 848790 850110 850120 850131 850132 850133 850134 850140 850151 850152 850153 850161 850162 850163 850164 850211 850212 850213 850220 850231 850239 850300 850410 850421 850422 850423 850431 850433 850434 850440 850450 850490 850590 850811 850870 851110 851130 851140 851150 851180 851190 851410 851420 851430 851490 851511 851519 851521 851531 851539 851580 851590 851711 851712 851718 851761 851762 851769 851770 851810 851821 851822 851829 851830 851840 851850 851890 851981 852190 852329 852550 852560 852580 852610 852691 852851 852859 852869 852871 852872 852910 852990 853110 853120 853180 853190 853222 853229 853400 853530 853590 853620 853630 853641 853649 853650 853661 853669 853690 853710 853720 853810 853890 854110 854140 854690 860210 860400 860630 860729 860799 860800 860900 870120 870130 870190 870410 870421 870422 870423 870431 870432 870510 870530 870540 870590 870790 870810 870829 870830 870870 870893 870895 870899 871610 871631 871639 871640 871680 871690 880230 880240 880320 880330 880390 890190 890400 890510 890590 890790 900110 900130 900140 900150 900720 901910 901920 902212 902213 902214 902219 902230 902290 902410 902610 902620 902680 902690 902710 902720 902730 902750 902780 902790 902830 902920 903033 903040 903089 903090 903110 903120 903149 903180 903190 903210 903281 903289 903290 903300 940210 940290 940600
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