In Costa Rica, the law on incentives to import these types of vehicles has been in force for six months, but agencies are not able to take advantage of the exoneration because the Treasury has not yet adapted its customs computer system.
Although the "Law of Incentives and Promotion for Electric Transport" came into force six months ago, distributors are still facing obstacles to complete the importation processes under the new tax benefits scheme.
With the aim of encouraging more companies to invest in the development of social housing, the Varela administration has decided to raise from $50,000 to $60,000 the price of social housing solutions that are built in the provinces of Panama and Panama West.
In the resolution, which was published last week in the Official Newspaper La Gaceta, it is argued that the decision to raise the final sale price of the homes was taken "... in order to make it more attractive to developers nationwide so that they are interested in developing these types of projects."
The Panamanian government bill proposes eliminating the differentiated tax treatment for this activity's internal and external operations, and establishing a neutral rate of 0% of income tax on the profit generated by these commercial operations.
The Minister in charge of Economy and Finance, Eyda Varela de Chinchilla, presented two bills to the National Assembly: one that regulates the activities of call centers for commercial use and another on intangible assets, according to an official statement by the ministerial institution.
A proposal has been made to create a special economic zone in 26 municipalities in the southeast of the country, which would provide tax incentives for activities related to clean energy and the prospecting of natural gas and oil.
The Executive presented to the Legislative Assembly a preliminary draft of the Law on the Special Economic Zone of the Southeast Region of El Salvador, which has the objective of developing 26 municipalities of Usulután, San Miguel and La Unión.
Arguing that consumers will have energy availability even if they do not use it, in Panama a proposal has been made to tax the use of solar panels for purposes of self-consumption.
Due to the disagreements caused by the proposal which proposes establishing a fee for using of solar panels for self-consumption, arguing that the consumer has the possibility of using the national energy distribution network, the Public Services Authority (Asep) has decided extend the consultation period by 60 days.
The regulation that grants tax benefits on imports of electric cars has come into force in Costa Rica, and according to agencies it will help final prices to fall between $5 thousand and $10 thousand per unit.
The regulation that will allow the entry into force of the law was published in La Gaceta, and will enable electric vehicles that have been held in Costa Rican customs offices to be released.
A modification has been made to the law to equalize the incentives received by the free zones that operate in Grecia, Valverde Vega, Naranjo, Palmares and San Ramón, with those outside of the Greater Metropolitan Area.
From a PAC Party bulletin:
April 3, 2018.The Legislative Assembly approved, in a second debate, the project to improve the conditions for the installation of free zones in the West Region of Alajuela (File No. 20,464).
In Panama a proposal has been made to reimburse 75% of the investment in purchase of certified fruit tree seedlings, and 50% in investments in the installation of irrigation and drainage systems in farms.
The National Commission of Agricultural Transformation, integrated by representatives of diverse institutions related to the agricultural sector, approved including in the regulations Law 25, incentives for the production of ten fruits, mainly citrus fruits.
Distributors of electric cars in Costa Rica estimate that with the entry into force of the law, prices of these vehicles could fall by between $5 thousand and $10 thousand.
According to vehicle distributors, with the implementation of the "Law on Incentives and Promotion of Electric Transportation" that was approved bythe Legislative Assembly last monthand which was signed by President Solís on January 25, prices of electric vehicles could come down by between $5 thousand and $10 thousand.
An initiative put forward by the Executive Power proposes to create a registry of tourism companies and include more businesses in the tax incentive programs.
The bill presented by the Executive Branch also includes the creation of a new entity, which would be called the National Tourism Council (CNT), and would consist of public and private sectors.
With the law approved by the Legislative Assembly of Costa Rica, electric vehicles are exempt from the general sales tax, the selective consumption tax and the customs value tax.
Finally, the Legislative Assembly has approved, in a second debate, the Law on incentives and promotion of electric transport, which aims to encourage the purchase of these types of cars in the country.
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.
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.
A bill proposes "guaranteeing stability in the customs area of royalties and municipal ordinances, with a period of 5 to 20 years, depending on the amount of the investment."
From a statement issued by the Congress of Guatemala:
The bill which the Legislative Assembly approved in a first debate establishes tax exemptions for imports of electric vehicles and authorizes the replacement of the vehicle fleet belonging to State entities.
Nacion.com reports that "...Specifically, the bill authorizes the State not to charge taxes on fully electric vehicles costing less than $30,000 (¢17.4 million)."
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