25 extension of measures to promote educational and

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25.- Extension of measures to promote educational and health institutions (Article 120).- The Finance Law for the financial year 2017, while maintaining the benefit of the existing tax system (Articles 4 (10) and 128 (5)), extends the exemption from VAT to ancillary services provided by educational and health institutions, such as restoration and school transport. Only private education, training and health establishments, secular or denominational duly authorized by the competent authority, shall benefit from these advantages. The same applies to the exemption from the contribution of the licenses, the SI and the BICs, and the payment of the tax on land ownership on the buildings assigned to their activities when they belong to them in full property. 26.- Strengthening tax incentives for investment in the agricultural sector (Article 122).- In order to promote access to agricultural land, prior to any investment in this sector and to support the development of an agricultural sector The Finance Act for the financial year 2017 reserved the following benefits for enterprises engaged in agriculture, livestock and fisheries: exemption from VAT on the purchase of pesticides, Fertilizers and inputs used by producers, and the agricultural, livestock and fisheries equipment and equipment set out in the Schedule to the Act; Exemption from
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registration fees for transfers of land used for agriculture, stock-breeding and fishing; Exemption from registration fees for loan agreements for the financing of agricultural, livestock and fisheries activities; Exemption from, and allocated to, the property tax of properties belonging to agricultural, livestock and fisheries enterprises; Exempts tax and employer charges on wages paid to seasonal agricultural workers by individual farmers. 27.- Introduction of preferential tax measures for the promotion of local raw materials and building materials (articles 123 and 124).- The government is considering moving from a commodity-based economy to an economy that creates local added value. In the same vein, it promotes the use of local building materials to improve people's access to housing at lower cost. In line with these guidelines, the Finance Law for the financial year 2017 provides for: exemption from VAT on the purchase of equipment and materials used to manufacture local building materials and on the sale of products made from these materials materials ; The submission of public institutions for the promotion of local materials to the SI at a reduced rate of 20%; The abolition of specific excise duties on new beverages produced and packed exclusively from the local raw material, unless there is absolute unavailability of an ingredient on the local market. New beverages are those marketed on or after January 1, 2017.
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  • Fall '19
  • tax administration

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