Global Trade Alert
Global Trade Alert

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

Announcement

14 Jun 2011

In June 2011, the government of Venezuela announced a targeted tax change.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

14 Jun 2011

Revocation date:

13 Jun 2013

Updated: 14 Jun 2011
Tax or social insurance relief
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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