Article 175: Exemptions

Holders of a Mining Operation Title who enter into the Operating Phase are eligible for three (3) years from the Date of First Commercial Production, to exemption from:

  • the Annual Minimum Tax (IMF);
  • the 10% Single Land Tax.

Mining installations are fixed assets enabling the extraction and processing of mineral substances. Implementing regulations will specify the terms and conditions for levying the Single Land Tax beyond the 3-year period mentioned in this Article.