Sets Transient To Automotive Gasoline Tax Rebate And Amends Other Legal Bodies

Original Language Title: ESTABLECE REBAJA TRANSITORIA DEL IMPUESTO A LAS GASOLINAS AUTOMOTRICES Y MODIFICA OTROS CUERPOS LEGALES

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Article 1.-set that, for a period of |! | twenty-four months after the entry into force of |! | the amendment provided for in article 5 of this law |! | Article 21 of Decree Law N ° 910, 1975, the |! | The automotive gasoline tax, established in the |! | Article 6 of the law Nº 18.502, applies with a |! | fixed component of 6 (six) UTM/m3 (tax units |! |) (mensuales por metro cúbico) and a variable component, |! | which is subtracted the component fixed, particular of the |! | follows: (i) the variable component will be 2.5 (two comma |! |) five) UTM/m3 when the value of quotation in the |! | international markets of the West Texas oil |! | Intermediate on WTI, expired, in |! | average over the previous 12 months, 85 |! | (ochenta y cinco) dollars from the United States of |! | America per barrel;
(ii) the variable component will be of 2 (two) |! | UTM/m3 when the value of trading on markets |! | International Petroleum WTI expired, in |! | on average, during the previous 12 months, the 80s |! | (eighty) of the United States of America dollars by |! | barrel and not have exceeded 85 (eighty-five) |! | these dollars during the same period;
(iii) the variable component will be 1.5 (a coma five) UTM/m3 when the value of trading on international markets of WTI oil not exceeds, on average, during the previous 12 months, 80 (eighty) of the United States of America dollars per barrel.
REMOVED (iv) (v) (vi) deleted deleted the National Commission of energy will report the value |! | WTI oil according to the price quote |! | informed by the Department of energy of the States |! | United America. In case that such information be |! | It discontinuare, the value of contributions shall be informed of the |! | crude oil traded on the New York Mercantile Exchange |! | (NYMEX). For these purposes the twelve months will be the |! | prior to fixation referred to in subsection |! | following.
For purposes of this article, the value of |! | WTI oil pricing will be used with two |! | decimals, truncating the rest.
The calculation of the tax rate shall be |! | monthly by the Ministry of finance. Increasingly |! | that this calculation is determined appropriate |! | modify the variable component of the tax, |! | by Decree of the Ministry of Finance issued |! | under the formula "by order of the President of the |! |" Republic", will set the resulting tax rate, |! | which shall be applicable to the determination of the tax to |! | Automotive gasoline from the first day |! | of the month following its publication.
REPEALED SUBSECTION |! |! | |!|