Article 1 – Tax incentives for used vehicles . The tax incentives defined in the reform to article 8 of law 9518, will also apply to used electric vehicles, up to five years old, based on the model year of the vehicle, regardless of its date of manufacture, nationalization or of the country where it is imported.
Article 2 – Tax incentives for electric vehicles and their inputs . All new and used electric vehicles up to five years old, regardless of their customs value, spare parts related to the operation of the electric motor, electric vehicle batteries, recharging dispensers, will be subject to the following exemption scheme, Regarding taxes on value added, selective consumption and customs value:
a) Value Added Tax (VAT). During the first fiscal period of validity of Law No. 10209, they will be exempt from the total rate of 13% of the Value Added Tax (VAT). During the fiscal period following the publication of Law No. 10209, the exemption will be reduced by one percentage point with respect to the previous fiscal period. Successively during each subsequent fiscal period, the exemption granted will be reduced by one percentage point until the extinction of the exemption on this tax. The fiscal period corresponds to twelve months, in accordance with the rules of the Income Tax.
b) Selective consumption tax and on the customs value defined in Law 6946. For thirty-six months, counted from the entry into force of Law No. 10209, they will be exempt from the total current rate; then they will have an exempt rate of seventy-five percent (75%) for thirty-six months; another thirty-six months with an exemption of fifty percent (50%) and another thirty-six months with a rate of twenty-five percent (25%); From the age of twelve, they will pay the consumption tax and on the corresponding customs value.
Source SCIJ
