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Venezuela: Tax exemptions to PDVSA

Description

On 2 August 2018, Presidential Decree No. 3.569 passed by the Venezuelan Government entered into force exempting the state-owned PDVSA from income tax liability. The decision also applies to its affil...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Aug 2018

Revocation date

31 Dec 2018

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

state-controlled

Affected Trading Partners

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Affected Sectors

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Affected Products

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