| EXPORT INCENTIVE BY SYSTEM |
| INCENTIVES |
FREE ZONES |
EXPORT
CONTRACT |
TEMPORARY
ADMISSION
SYSTEM |
| Right to import raw material, parts, machines and equipment |
100% Exemption |
Proportional exemption to |
Suspension |
| Export taxes |
100% Exemption |
100% Exemption |
100% Exemption |
| Indirect taxes: sales and comsuption |
100% Exemption |
Proportional exemption to the export sales |
100% Exemption |
| Taxes over profits |
50 and 100% exemption related to location and years of operation |
$000.00 |
$000.00 |
| Foreign Currency Management |
Indefinite |
Through the Central Bank |
Through the Central Bank |
| Customs Service |
Issued in the place |
Normal procedure |
Normal procedure |
| Sales to the loca market |
Up to 40% of the Total sales |
No restrictions |
Not allowed |
| Time limitations |
Indefinite |
All contracts are due in 1995 or in 1999 |
Five years permit that can be extended automatically |
| Market |
External, local |
Local and third markets |
Third markets |
| Tax free import of vehicle |
100% exemption |
Proportional to the export sales; only to 2 metrics ton load trucks |
N/A |
| Reduction for taxable income on the acquisition of 100% export company's shares |
N/A |
Exemption of 50% of the total amount, but not beyond 25% of the net rent |
N/A |
| Bonus over the value of the payroll |
To companies in areas that have less development for a 5 year period |
N/A |
N/A |
| Tax exemption of: capital tax, active, territorial, real estate transfer, municipal taxes, and patents |
100% for 10 years |
N/A |
N/A |
| Legal basis |
7210, 23-11-90 / 7293, 04-03-92 |
7092, 21-04-88 / 6855, 02-03-84 / 7257, 07-10-91 / 7293, 04-03-92 |
7092, 21-04-88 / 6855, 02-03-84 / 7257, 07-10-91 / 7293, 04-03-92 |
