Adapts The Legislation That Indicates To The Free Trade Agreement With The United States Of America

Original Language Title: ADECUA LA LEGISLACION QUE INDICA AL TRATADO DE LIBRE COMERCIO CON LOS ESTADOS UNIDOS DE AMERICA

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"Article 1.-repeal effective January 1, 2007, articles 46 and 46 bis of the act upon tax sales and services, contained in Decree Law N ° 825, 1974."

In the periods which then is designated, the determined customs value in accordance with the provisions of articles 46 and 46 bis of Decree Law No. 825, 1974, will be increased by $ 2,500 dollars of the United States of America for each period, and tax will be applied to the rates indicated, in replacement of the one established in article 46 (: 1) from January 1, 2004, applies a rate of 63,75 percent on customs value determined for that year.

(2) starting January 1, 2005, applies a rate of 42,50 per cent on the customs value determined for that year.

(3) starting January 1, 2006, shall apply a rate of 21.25% of the customs value determined for that year.