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Exonerated Payment of VAT on Imports of Certain Goods and the Provision of Certain Services Destined for Constructing Peace Gyms

The Venezuelan Government exonerated the payment of VAT[1] for two years on final imports of movable tangible property made by organs of the National Public Administration (“Administration”) and the provision of certain services, for constructing peace gymnasiums in Venezuela.[2] The exoneration will be effective from July 31, 2019 to July 31, 2021.

Source: Baker&McKenzie

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