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Common incentives:
· Tax relief for shareholders up to 35% of profits or net revenue subject to corporate tax or personal income tax.
· Tax relief on profits reinvested back into the company up to a limit of 35% of taxable corporate profits.
· Exemption from Customs duties and similar taxes and VAT payments for imported equipment that has no locally manufactured equivalent.
· Suspension of VAT for locally manufactured equipment purchased before the enterprise enters into production.
· Payment of VAT for locally acquired equipment after production start-up activity.
· Total or partial assumption by the State of expenditure for training.
For companies that export 100% of production:
· Full exoneration of income and profits from the tax base during the first ten years of activity and a 50% deduction thereafter.
· The liberty to import free of customs duties and taxes the equipment necessary for production.
· Total exoneration from registration fees, stamp duty and value added taxes on the activities of the enterprise.
For partially exporting companies:
· Suspension of value added taxes and consumption taxes on equipment, products and services necessary for the realization of their export operations.
· Reimbursement of customs duties and taxes paid on raw materials and semi-finished products destined to be transformed for export.
· Reimbursement of customs duties and similar taxes paid on imported equipment, and not manufactured locally, for the production of goods for export.
Additional advantages (investment premium):
· Major activities with high added value and a high integration rate.
· Investment in education and higher education, including student housing, vocational training.
· Investment in business incubators.
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