- Exemption from import duties
Investments, under the Investment Code, benefit from total exemption from paying import duties on goods and equipment intended for the launch of new activities, or expansion of any ongoing activity.
Eligibility requirement
Total exemption from import duties on goods and equipment intended for the implementation of projects will only be granted upon:
- Presentation of the provisional list to the General Directorate of Customs; and
- If the products to be imported are not produced in the country or if produced do not meet the quality/price requirements and specific functional characteristics required by the project.
- Income tax benefits
Investments made for the purpose of developing new activities are subject to a Corporate Income Tax (IRC) rate of 10%.
- Accelerated repayments and reinstatements
Investments made in the tourism, education, health, new technologies and those aimed at export sectors can accelerate the amortization of investments made, applying twice the normal rates, legally fixed for calculating amortizations and reinstatements considered as attributable costs exercise in determining the IRC or IRS tax base.
- Exceptional incentives
Enterprises whose investment exceeds the equivalent of USD 10,000,000.00 (Ten Million Dollars), as well as investments in infrastructures of public interest carried out under a concession regime, benefit from exceptional incentives, in relation to import duties; withholding tax, IRC or IRS depending on the case, Stamp, Consumption, and SISA, through the conclusion of an investment contract between the State and the entity promoting the project to be approved by the Council of Ministers.