The cost of imported electric vehicles could fall by as much as 44% if a bill that aims to exempt this technology from tax payments is approved.
The initiative, led by MP Marcela Guerrero from the Citizen Action Party (PAC), is well advanced and could soon be seen in the legislative plenary.
Guerrero explained that there is already a substitute text movement supported by different banks, whose purpose is to apply the graduality of tax exemptions according to the value of entry to the country, as can be seen in this table.
A vehicle with an income value of $ 30 thousand would be completely exempt from payment of sales taxes, selective consumption and on customs value.
The three taxes represent an average tax burden of 44%, according to data provided by the Guerrero’s law firm.
The CIF value, or entry to the country, is not the same as the value at the point of sale, amount that includes the commission of the seller and the profit of the business.
The exoneration would have a validity of five years from the publication of the law, according to the text.
The project also seeks to exempt spare parts for electric vehicles and equipment for assembly from the payment of taxes.
It would also exonerate electric cars from property tax for a period of five years, from the payment of parking meters and they would not be subject to vehicle restriction.
The legislator explained that the gradual increase of the amounts of exoneration was the result of negotiations with different political actors, but she pointed out that Congressman of the Libertarian Movement Otto Guevara filed 300 motions because he intends to include all kinds of technology within the exoneration.