Tax Exemptions for Renewable Energy

Until 2023 renewable energy projects in Nicaragua may opt for the exemption of import duty on machinery and equipment, VAT, income tax and municipal taxes.

Wednesday, December 6, 2017

The National Assembly approved a reform proposed by the Ortega administration to extend the term of tax benefits for energy generation projects with renewable sources. The law established that the maximum period to opt for exemptions was January 2018, but now they will remain in place until January 2023.

See also "Central America: $ 1.2 billion in energy projects"

Elnuevodiario.com.ni reports that "...Jimmy Blandón, deputy of the Constitutionalist Liberal Party (PLC) said that his caucus "supports the reform because it encourages private and national investment to stop using fossil resources. Generation with renewable sources will allow the price of energy to go down, as long as the energy matrix continues to change."

"... Jenny Martínez, deputy of the Sandinista National Liberation Front (FSLN), said there is an encouraging plan to continue changing the electricity generation matrix and that extending the deadline for granting tax incentives will encourage the necessary investments for hydroelectric, wind, photovoltaic, and geothermal projects."

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More on this topic

Tax Incentives for Wind Energy

February 2019

Ventus S.A. de C.V., which will invest in the construction of the first wind farm in El Salvador, will enjoy tax exemptions in its investment plans and operation for 20 years.

The Guatemalan and Honduran capital company, Ventus, will invest $73 million over 10 years in the construction of a wind farm with a capacity of 54 MW, and the tax benefits that will be granted result from the signing of a Legal Stability contract for Investments.

Renewable Energy Tax Incentives Extended Until 2023

November 2017

In Nicaragua, the Ortega administration is proposing to extend tax benefits for energy generation projects using renewable sources for another five years.

Continuing with the strategy of promoting energy generated from renewable sources, the government is proposing extending tax incentives for these types of projects, as it did in June 2015. At that time, the benefits were extended until January 2018. 

Nicaragua Extends Exemptions for Renewable Energy

June 2015

The National Assembly has amended article eight of Law 532, extending for five years the incentives for investments in this sector.

From a statement issued by the National Assembly:

The National Assembly with 84 votes approved on June 2, Law Reform Law 532, Law for the Promotion of Electricity Generation from renewable sources.

Panama: Tax Incentives for Solar Energy

May 2013

Congress will start discussing in the next few days a bill that exempts import taxes to generators using solar technology.

Panamaamerica.com.pa reports that "the diversification of the energy matrix through the use of renewable natural resources, such as solar and wind power has become one of the main objectives of the policy to generate electricity in the country. "

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