2017News

Peralta says no tax incentive cuts for free zones

Administrative Minister of the Presidency José Ramón Peralta assured free zone companies that the government will not cut their incentives nor change the rules of the game. In a meeting on Tuesday, 21 February 2017, Peralta said no measures would be taken to limit the competitiveness of free zone companies. He said the Medina government, on the contrary, has intentions to continue to support free zone companies so this sector can be more competitive and create a more jobs over the coming years.

Peralta met in Santiago with the directors of the Santiago Free Zone Corporation, the largest free zone center in the country. Present were businessmen Aquiles Bermúdez, José Clase, Luis José Bonilla, Donald Dyer, Luis Nilo, Goby Moya, Miguel Lama; Carlos Guillermo Núñez, president of the Asociación de Comerciantes e Industriales de Santiago (ACIS), Félix García, Juan José Batlle and Luis José Bonilla, president of the Asociación de Zona Franca; and Benito Ferreira, rector of the ISA University. Also present were Luisa Fernández, executive director of the Council for Export Free Zones (CNZFE), among others.

“The government is your ally and is in the best disposition to collaborate. The idea is to achieve competitiveness goals and allow your companies to be successful and meet the challenges in the present global economy,” stated Peralta.

He said he would take to President Medina the request that the government purchase military and police footwear and uniforms from the free zone industries.

Read more in Spanish:
El Nacional

24 February 2017