Bill For Tax incentives

Author:Apolo Abogados Desde
Profession:Apolo Abogados Desde

On August 9, 2016, the President sent to the National Assembly, the 'Draft Organic Law of Tax Incentives for various productive sectors' as "urgent in economic matters".

The most important aspects proposed in this project are:

Deduction of the payments for the concept of health insurance or prepaid medicine in favor of the workers. This benefit will be 100% for micro and small enterprises and up to 50% for medium and large companies. Exemption from tax on vehicles owned by operators of public passenger transport and legally constituted cabs. Exemption to operators of public and commercial transport that are legally incorporated in the calculation of advance income tax, both in costs, expenses and assets, as well as in the value of transport units which...

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