Income tax (ISR) exemption
10 years from the FIE
Art. 5.bIn forceDecreto 52-2003The Renewable Energy Project Development Incentives Act, Decree 52-2003, was issued by Congress on 28 October 2003 (4 November was previously cited). For direct developers of renewable projects it grants: exemption from import duties (DAI) and consular charges on imports of machinery and equipment used exclusively for generation, and exemption from VAT (IVA) on those imports, both only during pre-investment and construction, which shall not exceed 10 years (art. 5.a); exemption from income tax (ISR) for 10 years from the Delivery Start Date, FIE (art. 5.b); and exemption from IEMA for 10 years from the FIE (art. 5.c; a tax now repealed). Technical qualification is processed with MEM and environmental permitting with MARN.
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- Decree 52-2003
Issued by Congress on 28 Oct 2003
2003texto de ley - Exemption from DAI, consular charges and VAT on equipment imports
During pre-investment and construction, maximum 10 years (art. 5.a)
In forceDecreto 52-2003 - IEMA exemption10 years from the FIEArt. 5.c; tax repealedIn force in the textDecreto 52-2003