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Venezuela: Temporary elimination of VAT on imports of valves

Description

On 7 June 2011, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.278 which temporarily eliminates the Value Added Tax (VAT) on imports of valves corresponding to tariff line 8481...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

14 Jun 2011

Revocation date

13 Jun 2012

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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