Global Trade Alert
Global Trade Alert

Venezuela: Decrease of windfall tax on oil with knock-on effects for financing imports

Announcement

28 Jan 2013

In January 2013, the government of Venezuela announced a change to the import-specific domestic duties.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

20 Feb 2013

Revocation date:

No revocation date

Updated: 28 Jan 2013
Internal taxation of imports In force

On 28 January 2013, the government announced that it plans to reduce levies on the oil industry by changing rules on the so-called windfall tax that will now only be triggered when crude and i...

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