On 29 May 2023, the National Executive Power (“PEN“) sent the Liquefied Natural Gas Promotion Bill (“Bill“) to the Honorable Chamber of Deputies of the Nation.
Interested companies and investors (“Interested Parties“) registered in the Regime will enjoy tax stability for up to 30 years after the start of the LNG Projects. In addition, they will be entitled to:
i. Accelerated amortization of income tax on personal property and infrastructure works.
ii. Refund or credit on the Value Added Tax (VAT) on capital goods and/or infrastructure works. …
Source: Baker McKenzie
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