The Law on Incentives for Renewable Energy Projects (Decree 52-2003) exempts imports of equipment from customs duties (DAI) and VAT (IVA) and exempts projects accredited by the Ministry of Energy and Mines (MEM) from corporate income tax (ISR); it also exempted them from the IEMA, a tax since abolished. The exact terms of each exemption (pre-investment and construction periods, years of income-tax exemption, article 5) were not confirmed against the text on this pass. Nor was the list of projects accredited by MEM's Directorate General of Energy located.
What tax incentives do renewable energy projects get (Decree 52-2003)?
Sources
CNEE Texto Decreto 52-2003, Ley de Incentivos para Proyectos de Energía Renovable
Consortium Legal Derechos de exención para proyectos de energía renovable
