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Taxes |
Law no. 118 Foreign Investment |
Zed Mariel |
Law no. 113 Taxation System |
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ON PROFITS |
0% during 8 years and, as an exception, for a longer period. Subsequently, 15%. 0 % on reinvested earnings. May increase to 50% for exploitation of natural resources |
0 % during 10 years, and, as an exception, for a longer period. Subsequently,12%. (concessionaries and users) Law no. 118 applies for reinvestment. |
35%.
May increase to 50% for exploitation of natural resources. |
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On using labor force |
Exempted.
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Exempted.
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5% |
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Contribution to local development |
0% during investment recovery. |
Exempted.
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It is established in the Budget Law. |
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On sales or services
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0% during first year of operations; subsequently, 50% discount on wholesales and on services. |
0% during first year of operations, subsequently, 1%.
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2% on wholesales and 10% on services. New taxable items will be gradually added. |
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On personal incomes to partners or parties |
Exempted.
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Law no. 118 applies.
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15%.
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On using or exploiting natural resources and preserving the environment (five taxes). |
50% bonus during investment recovery.
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Law no. 118 Applies. |
For the use of beaches, waste disposal into hydro-graphic basins and terrestrial waters: defined in the annual Budget Law. Use of bays and forestry resources according to taxable items in Law no. 113. |
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Customs |
Exempted during the investment process.
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Exemptions on means, equipment and goods in the investment process. |
Taxable items are established in the Customs Duties. |
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*Joint enterprises and international economic partnerships are governed by what has been established in legislation in force (Law No. 113 of the Taxation System), with the adjustments of this special regime. Enterprises with 100% foreign capital pay taxes according to legislation in force. In the case of International Economic Partnership Agreements for Production, Services and Professional Services Management, this is governed by what has been established in legislation in force (Law No. 113 of the Taxation System) with the adjustments of this special regime, especially the tax on profits in the gross incomes type, 4%.
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Taxes applicable to enterprises with totally foreign capital outside Zed Mariel. |
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Profit tax |
35% that may go up to 50% for exploitation of natural resources, or up to 50% of the 35% that is the tax type established. |
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Workforce tax |
5%. |
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Sales tax |
Exempted. |
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Services tax |
10%. |
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Special products and servicies tax
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No tax is paid on sales, especially for products and on services for (1) goods constituting raw material for industrial production and for goods and (2) services destined for exportation. |
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Enviromental tax |
For the use or exploitation of beaches, for approved waste disposal in hydrographic basins, for the use and exploitation of bays, for the use and exploitation of forestry resources and wildlife and for the right to use terrestrial waters: gradual application of these taxes and the majority of their taxable types shall be established in the Annual Budget Law. |
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Territorial contribution |
Gradually established in the Budget Law. |
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Customs tax |
To be set in the Customs tariffs.
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