In detail
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The Decree establishes an exemption of 90% from import tax and VAT on definitive imports of goods classified in the tariff codes established in Appendix I of the Decree. There are 1,567 tariff codes in Appendix I. The Decree establishes this tax benefit as a full right.
For more information about the Decree, please consult our legal alert at the following link (available in English).
- The Resolution adds 64 tariff codes to Appendix I of the Decree and is only applicable to imports whose consignee or final acceptor of the goods is the decentralized state-owned Venezuelan conglomerate, Venezuelan Corporation of Guyana CVG.
- The goods corresponding to the tariff codes are (i) natural magnesium carbonate (magnesite); (ii) quicklime; (iii) feldspar, leucite, nepheline syenite or fluorspar with a calcium fluoride content less than or equal to 97% by weight; (iv) anthracite; (v) and tar, among others.
- Specifically, the Resolution has added the following 64 tariff codes:
2519.90.90.00, 2522.10.00.00, 2529.21.00.00, 2701.11.00.00, 2708.10.00.00, 2804.30.00.00,
2804.40.00.00, 2804.61.00.00, 2804.69.00.00, 2811.22.90.00, 2815.12.00.00, 2826.12.00.00,
2826.30.00.00, 3506.99.00.00, 3816.00.19.00, 3801.30.10.00, 3906.90.49.90, 3919.90.90.00,
4009.11.00.00, 4009.21.90.00, 4009.42.90.00, 4010.11.00.00, 4010.12.00.00, 4010.19.00.00,
4010.39.00.00, 4406.92.00.00, 4812.00.00.00, 5911.20.90.00, 6815.99.90.00, 6902.10.18.00,
6902.20.10.00, 6902.20.92.00, 6903.90.92.00, 6903.90.99.00, 7201.10.00.00, 7202.30.00.00,
7202.60.00.00, 7202.93.00.00, 7202.19.00.00, 7219.22.00.00, 7225.99.90.00, 7304.29.39.00,
7304.49.00.00, 7306.90.20.00, 7314.14.00.00, 7315.11.00.00, 7315.12.90.00, 7315.89.00.00,
7325.99.90.00, 7326.11.00.00, 7405.00.00.00, 7605.29.90.00, 8431.10.10.00, 8482.10.90.00,
8484.90.00.00, 8501.40.19.31, 8504.31.19.00, 8537.20.90.00, 8544.20.00.00, 8544.60.00.00,
9026.10.19.00, 9026.10.29.00, 9026.20.10.90 and 9026.80.00.00.
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1 Official Gazette No. 42,579 of 14 February 2023.
2 Official Gazette No. 6,727 of 29 December 2022.