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Venezuela: Temporary elimination of VAT on imports of polymers and hydrocarbon products

Description

On 14 June 2011, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.279 which temporarily eliminates the Value Added Tax (VAT) on imports of various polymers, acyclic hydrocarbons ...

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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 2013

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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