Exemption on value added tax on imports. Exemption on income tax for 10 years. Exemptions on any export tax. Products that are ultimately utilized in the country are treated as imports and duties must be paid. There are no specific tax incentives for industries of these sectors.
Special regulations are applicable to the oil, geothermal and mining activities.
Those projects that were initiated under Decree 70-89 will maintain the benefits granted by that Decree until their conclusion. Certificates are valid for up to 4 years. Exoneration of payment of property taxes for up to 10 years to landowners that reforests at least 50 per cent of their property. The board of directors of INAB will determine on a year to year basis the cost to reforest and maintain one acre of land. Exemption of import taxes on machinery, equipment, and spare parts.