Key Benefits:
law no 3420 law of June 8, 2006
EVO MORALES AYMA CONSTITUTIONAL PRESIDENT OF THE REPUBLIC
For the Honorable National Congress, it has sanctioned the following Law: THE HONORABLE CONGRESS NATIONAL, D E C R E T A: SPECIAL EXPORT AND TOURISM ECONOMIC ZONE
OF COCHABAMBA TITLE I
ARTICLE 1 GENERAL PROVISIONS. (Object). This Law aims to establish the legal norms regarding the implementation of conditions of productivity and competitiveness for all those productive enterprises that have carried out and make investments in the area Economic Special Export and Tourism of the Tropic of Cochabamba, through a special treatment in the legal, administrative, tax and financial fields that allows, among other benefits:
To promote productive investment, the
Strengthening the economic development of the region.
Potentially the industry, the tourism, agricultural, livestock and forestry activities; exports and any other productive enterprise.
Generating alternatives to illicit drug trafficking.
Creating sources of employment, improving the quality of
to the transfer of technology and to the generation of added value. ARTICLE 2. (Definitions). For the purposes of this Law, it is understood by: PRODUCTIVE COMPLEX OR CLUSTER: Sectoral and/or geographical concentration of companies that perform in the same activities or in closely related activities, both (suppliers of inputs and equipment), forward (processing and user industries) and sideways (closely related services and activities), with major external economies, agglomeration and specialisation. PRODUCTIVE ENTREPRENEURSHIP: A licit activity, consisting of the identification, evaluation and development of an idea to transform it into an operational business concept or a product, by obtaining the necessary resources for its execution and subsequent marketing (productive and tourist activities). ICENTRO: Cooperation mode between small and medium enterprises for the pursuit of common objectives, such as the acquisition of raw materials, primary manufacturing processes, research and development of technologies and access to finance. : Production system under the form of subcontracting, in which intermediate inputs and imported raw materials are transformed, by means of processes that generate added value, whose final products are marketed abroad. INDUSTRIAL PARK: Area geographically delimited and specially designed for the settlement of industrial plants under appropriate conditions of location, infrastructure, equipment and services, with permanent administration for their operation. TECHNOLOGICAL PARK: Center for the transfer of technology, training of enterprises and new businesses based on the guiding knowledge of the country's research according to its requirements.
DEVELOPMENT POLE: Driving economic unit or a set of economic units that exert attraction effects on the other units related to them and that determine a change of structure in the region, with increasing production levels of the assembly. TOURISM PROJECT: It is any public or private initiative aimed at the study, planning and execution of programs and activities relevant to the design of tourism products, assessment of the local natural, cultural and productive heritage, Community organization and the strengthening or creation of spaces of recreation, recreation, education, lodging. MIXED ECONOMY SOCIETY: The one formed between the State, Prefectures, Municipalities, Corporations, Public Enterprises or other entities dependent on the State and private capital, for the exploitation of companies that have the purpose of collective interest or the implementation, promotion or development of industrial, commercial or service activities. SPECIAL ECONOMIC AREA: It is the geographical space within which the formation of development poles, industrial parks, technological parks, machicenters and productive complexes will be promoted. ARTICLE 3. (Geographical Area). It is understood by Special Economic Zone Exportadora and Tourist of the Tropic, to the geographical area between the towns of Cristal Mayu and Búbulo Búbulo of the Subregion North of the Department of Cochabamba, which corresponds to the integrity the municipality of Villa Tunari of the province Chapare; the tropical zone of the Municipality of Tiraque (Sub-Mayor of Shinahota) of the Province of the same name; the tropical zone of the Municipality of Entre Ríos, and the entire geographical extent of the Municipalities of Chimore and Puerto Villarrroel of Carrasco Province; according to the Political Division Administration of the Department of Cochabamba. It is established that this Law will be applicable to a specific area, to be established in Regulation, of the Industrial Park of Santibanez and of the Airport? Jorge Wilsterman?, in order to promote projects of cold, export and maquila chains. ARTICLE 4. (Applicability)The rules of this Law apply to all natural persons, private or mixed-economy enterprises; national or foreign; associations of small producers, peasant and cooperative economic organizations legally established, that they make new investments or extensions in their investments in the Special Export and Tourism Economic Zone of the Tropic of Cochabamba. The benefits of this Law are excluded from the legal or natural persons, private or mixed-economy enterprises which carry out extractive activities in the mining and mining areas, as well as banking and financial institutions and those providing related services. TITLE II
ARTICLE 5 INCENTIVE REGIME. (Incentives). Any productive enterprise that is established in the Special Economic Zone of the Tropic of Cochabamba, will enjoy the following incentives that will be granted by the Central Government and the Municipal Governments, in the the scope of their respective competencies established by Law and will include the following:
Exemption from the Tax on Business Utilities (EUI) for a period of ten (10) years, starting from the beginning of production, as long as the amount of the paid tribute is reinvested in its integrity, in the next tax management, within the the same productive unit or another productive unit within the Special Economic Zone.
Exemption from the Tariff Tax (GA) and Value Added Tax (VAT) for imports of industrial plants and capital goods, not produced in the country, during the period of installation of new investments or expansion of the same, of the productive activity.
Single payment of three (3%) percent for minor imports of raw materials, inputs, accessories, materials, tools, spare parts, parts and parts of foreign origin that do not occur in the country. Except those which already enjoy the release of tariff levies.
Exemption from the Tax on Transactions (IT) for the sale of goods used within the Special Economic Zone and which are part of the same productive export chain, within that zone.
Exemption from the payment of the Property Property Tax (IPBI), for a period of up to three years, at the discretion of the respective Municipal Government, for any new construction and/or construction that is carried out for the operation of the productive enterprise or tourism in the Special Economic Zone.
Partial discount of municipal domain taxes on the amounts invested in works of urban improvement or neighborhood carried out in a coordinated way with the Municipal Governments. The percentages and deadlines will be established in each case by means of resolutions of the respective Municipal Governments.
Municipal governments may grant other tax and administrative incentives for municipal control, such as the Exemption from the payment of Patents and the change of use of soils for the installation of productive enterprises, the same ones that must be established by Municipal Ordinance.
ARTICLE 6. (Public Investment). The National Government, the Prefecture of the Department, the Municipal Governments of the Special Economic Zone and all public institutions involved in regional development, will carry out joint actions aimed at prioritise infrastructure such as roads, roads, access and lighting routes, natural gas networks, telecommunications services, energy, basic services and related civil infrastructure, to the Special Export Economic Zone and Tourist of the Tropic of Cochabamba. ARTICLE 7. Ministries of Production and Microenterprise and Rural Development, Agricultural and Environment, through its specialized operating entities will promote in coordination with the Municipal Governments of the Area Economic Special, execution, financing and co-financing with local or international sources of the following programs:
Information services, training, technical assistance and business plan development for the productive units.
Rating and training of human resources in the The production and tourism processes of the Tropic of Cochabamba.
Technological development and innovation to contribute to a competitive production and sustainable development in harmony with the environment.
productive and tourist units for their continuous improvement.
Improving the quality of goods and services.
Promoting the sociativity between productive and tourism units.
Strengthening the development of tourism through certification and accreditation of the quality of services. TITLE III
ARTICLE 8 REQUIREMENTS AND OBLIGATIONS. (rating).
For access to the benefits of this Law, the productive units will have to present their investment and expansion proposals to the Council of the Special Export and Tourism Economic Zone of the Tropic of Cochabamba, for their qualification, as determined by the corresponding Regulation to be formalised in the accession contracts concluded between the Driving Council and the Productive Entrepreneurship.
The Board of Directors will be composed of a representative of the following institutions: Ministry of Rural Development, Agricultural and Environment that will preside over it; Ministry of Production and Microenterprise; Ministry of Public Works, Services and Housing; Ministry of Development Planning; Prefectural of the Department of Cochabamba; Commonwealth of Municipalities of the Tropic of Cochabamba; Department of Industry; Departmental Chamber of Exporters; Chamber of Agriculture del Tropico; Association of Hoteliers of the Tropic and Association of Producers
The Driving Council will establish agile and expeditious procedures, including the administrative framework that economic agents can apply in case of rejection of their requests.
ARTICLE 9. (From the Obligations). All the productive units that meet the benefits set forth in this Law will have the following obligations:
Meet the current tax rules with the exceptions mentioned in Title III.
To comply with the investment plan approved by the Council of the Special Export and Tourism Economic Zone of the Tropic of Cochabamba at the time of the benefit of the corresponding benefits.
rules established in the General Labor Law and its related rules, as well as Law 1333 of the Environment and its sectoral provisions.
Report to the National Tax Service, the National Customs and the Municipal Government, according to corresponds, the production start date, for verification purposes.
ARTICLE 10. (Failure). The benefits granted by this Law shall automatically cease from the moment when any of the obligations and requirements laid down in the Act and in their respective Regulations have been breached. TITLE IV
ARTICLE 11 FINAL PROVISIONS. (Effective). The measures provided for in this Law shall enter into force on the first day of the month following the date of enactment of their respective regulations. ARTICLE 12. (Extension of the Benefit). The measures provided for in this Law will also be extended to the activities exclusively dedicated to the export that are developed in the Industrial Park of Santivanez, as well as to the cold processes, maquila and export to be carried out inside the airport? Jorge Wilsterman?. ARTICLE 13. (Regulations). The Executive Branch shall establish the corresponding regulations within a maximum period of ninety (90) days from the enactment of this Law. Refer to the Executive Branch for constitutional purposes. It is given in the Session Room of the Honorable National Congress, at the eighteen days of the month of May two thousand six years. Fdo. Santos Ramirez Valverde, Edmundo Novillo Aguilar, Ricardo Alberto Diaz, Felix Rojas Gutierrez, Oscar Chirinos Alanoca, Alex Cerrogrande Acarapi. Therefore, it was enacted so that it has and will comply with the law of the Republic. Palace of Government of the city of La Paz, on the eight days of the month of June of two thousand six years. FDO. EVO MORALES AYMA, Juan Ramon Quintana Taborga, Carlos Villegas Quiroga, Luis Alberto Arce Catacora, Celinda Sosa Lunda, Salvador ric Riera, Hugo Salvatierra Gutierrez.
