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VAT on Venezuela beef to be eliminated

13 February 2007

VENEZUELA - José Gregorio Vielma Mora, head of the Integrated National Customs and Tax Administration Service (Seniat) said Hugo Chávez government move not to levy value-added tax on beef, among other food items, will be effective as of March 1st.

"This will be the date, because there are many technical considerations," he added.

He ruled out banning imports of beef from Colombia. "In Colombia, the cattle-raisers association supports the government and does not spread discouragement."

He claimed that shortage and speculation are tricks to undermine President Hugo Chávez' government. "Any information disturbing the economy, finance, and trade has a goal to harm the economic policies of Hugo Chávez Frías."

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Source: el universal.com



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