law of December 14, 1942
RELEASE OF IMOS.â€ " Acuse to companies that are established in the country to industrialize agriculture, livestock and their derivatives.
MINISTRY OF FINANCE
ENRIQUE PEA ' ARANDA C.
CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA
For how much, the H. National Congress has sanctioned the following law:
THE NATIONAL CONGRESS,
ArtA-arse 1A ° â€ " The new companies to be established in the paA-s, with Capital not less than five hundred thousand Bolivians (Bs. 500,000.â€ ') , in order to industrialize agriculture, livestock and their derivatives, through the use of more machines, improving the technique of their exploitation or manufacturing agricultural products, they are exempted from any national tax, departmental and municipal, with exception of the cadastral, for the time of five years, computable from the inscription of the Company in the office of Internal Revenue.
Be excepted to the benefits of this Law the factories of alcohol, Spirits, cigars and cigarettes.
ArtA-ass 2A ° â€ " free of customs duties, in accordance with the Law of 10 June 1932, the intervention of machinery, implements and industrial accessories to be imported by the various customs offices of the Republic, for uses of industrial activities
ArtA-ass 3A ° â€ " To benefit from the benefits of this law, you must be accredited to the Ministries of Finance and the Economy-A, according to the cases, the following:
capital of the new company, even in the part of the minimum determined by the article 1A °.
Poseer tA-titles and sanitises of domain of the foundation where the company must operate or to present written testimony in Royal Rights, of the lease of the same founded by the mA-nimum of time of 10
aA ± os.
Present a technical study of the Company and its forms of subsequent development, approved by the CA Agricaria del arrondissement in which it should function.
Acompa ± ar testimonial de la writing de constitución social, si The Company shall be of the same name, accompanied by a certificate of being registered in the commercial register and in the register of industries, before the Internal Revenue offices.
ArtA-arse 4A ° â€ " The government shall grant all the This law is provided by the administrators of the customs, giving way to the machinery and implements in view of the original invoices and import fees, provided that they are written in accordance with the current provisions.
ArtA-ass 5A ° â€ " The internation of seeds, plants and plants to ingest free and will not require any customs.
ArtA-ass 6A ° â€ " The Executive Branch shall regulate this law taking into consideration the special features and characteristics of each area industrial of the paA-s.
Communicate to the Executive Branch, for constitutional purposes.
Session of the H. National Congress.
La Paz, November 28, 1942.
W. Belmonte Pool.â€ "Roberto JordÃ ¡ n Cuentllar.â€" Julio Pantoja Estenssoro, Senator Secretario.â€ "F. Capriles, Senator Secretario.â€" E. Monasterio, Deputy Secretary-General. " Walker Humenrez, Deputy Secretary.
Therefore, the To have it and to comply as law of the Republic.
Palace of Government, in the city of La Paz, at the fourteen days of December of a thousand nine hundred years old.
GRAL. PEA ' ARANDA.â€ " JoaquA-n Sword.