Secretariat TPR |
WT/TPR/S/422/REV.1 |
S-3§27 |
Guyana |
2022 |
Measures |
Tax concessions |
Energy, Manufacturing |
Relevant information
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3.27. (...) The excise tax on petrol and diesel was reduced from 50% to 35%, with immediate effect, in February 2021. [14] (...)
Hybrid and electric motor vehicles are exempted from payment of excise tax (since 2017). (...)
[14] Bio-fuel, including bio-gas and bio-diesel, has been exempted from excise tax since 1 February 2017.
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Secretariat TPR |
WT/TPR/S/422/REV.1 |
S-Table-4.2 |
Guyana |
2022 |
Sectors |
Tax concessions |
Agriculture |
Relevant information
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Table 4.2 Tax exemptions for agriculture, 2021
Legislation: VAT Act;
Exemptions: Zero-rating of certain agricultural inputs: (...) machinery, equipment, or components used in the generation of renewable energy in the agriculture sector using agricultural by products; (...)
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Secretariat TPR |
WT/TPR/G/423/REV.1 |
S-4§27 |
United Arab Emirates |
2022 |
Sectors |
Tax concessions |
Agriculture |
Relevant information
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4.27. (...), in 2021, the Ministry of Climate Change and Environment (MOCCAE) reduced or waived fees for a number of agricultural activities in a bid to increase production and encourage young people becoming agricultural entrepreneurs. Fees for the release of agricultural products and animal consignments, import permits for animal feed and fodder, and the use of the organic logo, inter alia, figured on the list.
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Keywords
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-3§81 |
Panama |
2022 |
Measures |
Tax concessions |
Manufacturing, Services |
Relevant information
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3.81. (...) Companies eligible for the free zone regime are those engaged in the manufacturing, assembly, processing of finished and semi-finished goods, as well as high-tech, scientific research and higher education companies, and those offering logistics, environmental, health, and general services.
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-Table-3.11 |
Panama |
2022 |
Measures |
Tax concessions |
Other, Services |
Relevant information
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Table 3.11. Tax benefits, 2021:
(...)
Type of tax: Income tax
Promoter: Exempt
Company: Exempt: companies offering certain services [a] are exempt from income tax on their operations outside the free zone and on the operations among themselves
(...)
[a] Services such as: logistics, high technology, scientific research, higher education, general business services, health and environmental services.
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-3§101 |
Panama |
2022 |
Measures |
Tax concessions |
Agriculture, Forestry, Manufacturing |
Relevant information
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3.101. (...) The Industrial Promotion Certificate (CFI) is a non-transferable tax credit valid for eight years, which a company can use to pay all national taxes, charges and contributions. As in 2014, the CFI may be requested by manufacturing or agro-industrial companies, or companies that process marine, agriculture and forestry resources, or invest in R&D and management systems, to invest or reinvest their profits in training and training human resources and to increase employment associated with production. (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-3§116 |
Panama |
2022 |
Measures |
Tax concessions |
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Relevant information
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3.116. Panama offers tax incentives to stimulate production, promote exports or increase investment in certain economic activities and/or provinces considered to be in the public interest. (...) It also provides sectoral incentives, including tax incentives to support medicine and food production, banana production, reforestation, mining, renewable energies [161], the film and audiovisual industry, call centres, tourism, construction, and shipbuilding (section 4). Most sectoral incentives have not undergone any major changes since Panama's previous review in 2014.
[161] Law No. 41 of 2012 (electricity generation for public electricity service); Law No. 42 of 20 April 2011 (biomass); Law No. 44 of 2011 (wind power for public electricity service); and Law No. 45 of 2004 (hydroelectric power generation).
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Keywords
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Bio
Conservation
Energy
Forest
Renewable
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-3§117 |
Panama |
2022 |
Measures |
Tax concessions |
Energy |
Relevant information
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3.117. Since 2014, there has been a tax credit of PAB 0.60 per gallon on purchases of bioethanol and biodiesel made from domestic raw materials mixed with petroleum spirits and used as biofuel. This tax credit is in place as an incentive to produce and use biofuel and to generate electricity using biomass. The credit may be used only against the Consumption Tax on Petroleum-Derived Fuels (ICCDP) on fuels and petroleum products and is non-transferable.
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-Table-4.6 |
Panama |
2022 |
Sectors |
Tax concessions |
Energy |
Relevant information
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Table 4.6. Incentives for clean or renewable power generation, 2014 and 2020:
Legal basis: Law No. 45 of 4.8.2004; Project: Construction, operation and maintenance of power plants running on hydroelectric power or renewable or clean energy; Description: Exemption from tariffs on equipment and spare parts, 25% tax credit applicable to income tax (IR)
Legal basis: Law No. 42 of 20.4.2011; Project: Construction, operation and maintenance of power plants running on biomass; Description: Exemption from tariffs for machinery and inputs for a period of 10 years from when the plant first becomes operational, Exemption from Tax on the Transfer of Movable Property and the Provision of Services (ITBMS) for imported machinery and inputs purchased on the domestic market, for a period of 10 years from when the plant first becomes operational, Exemption from IR for a period of 10 years from when the plant first becomes operational
Legal basis: Law No. 44 of 25.4.2011; Project: Construction and operation of wind farms; Description: Exemption from tariffs on equipment and spare parts
Exemption from Tax on the Transfer of Movable Property and the Provision of Services (ITBMS) for imported equipment and parts purchased on the domestic market, 5% tax credit applicable to income tax (IR)
(...)
Legal basis: Law No. 37 of 10.6.2013; Project: Construction, operation and maintenance of solar power stations and/or farms; Description: Exemption from tariffs on equipment and spare parts, Exemption from ITBMS for imported equipment and parts purchased on the domestic market, 5% tax credit applicable to income tax (IR)
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Keywords
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Bio
Clean
Energy
Renewable
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Secretariat TPR |
WT/TPR/S/421/REV.1 |
S-4§135 |
Panama |
2022 |
Sectors |
Tax concessions |
Services |
Relevant information
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4.135. (...) To encourage vessel registration, the Directorate-General of the Merchant Marine (DGMM) grants discounts on the registration fee, which usually last for three consecutive years. For example, shipping companies that register at least three vessels receive discounts of between 25% and 60%; new vessels can obtain discounts of up to 100% for the first year of registration; and, since 2016, vessels that comply with certain environmental standards benefit from a 50% discount. (...)
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