Reform Free Trade Zone Regime Law - Executive Decree N° 34739- COMEX-H from 08/29/2008

January 27, 2017

Customs & Global Trade Flash

Through executive decree N° 40141 COMEX-H, published in the Official Gazette n° 18 on January 25th, 2017, the President of the Republic, the Foreign Trade Minister and the Treasury Department Minister reformed articles 4, 6, 10-12, 14, 25, 26, 29, 31, 35, 38, 39, 41, 45, 50-53bis, 62, 67, 68 and 76 of the Free Trade Zone Regime Law. Furthermore, reforms we also made to the articles 67bis, 76bis, 122bis to Free Trade Zona Regime Bylaw.

The main reforms are:

  • Procedures simplification.
  • Exclusion of the National Added Value (NPV) of Free Trade Zone Regime requirements.
  • New compliance deadlines.
  • New Regulations for Free Trade Zona Parks administrations.
  • Provision of other services such as childcare, parking lots, among others.

All reforms entered into force since the reform was published in the Official Gazette.

For further information

Carla Coghi
Tax & legal
Silvia González
Senior Manager
Tax & Legal
Jaime Morales
Tax & Legal

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