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Exemption on earnings generated by financial instruments

Through resolution DGT-R-10-2020, the Tax Administration established the procedure for the exemption request on the moveable capital tax for the earnings generated by investments in financial instruments.

This resolution set the list of revenues and entities exempted from such tax payment, including: funds and entities specified in article 28 bis, subparagraphs 1, 2, 4, 9, 11 and 12 of the Income Tax Law (Ley del Impuesto sobre la Renta); earnings gained from investments in financial instruments covered by international agreements; and earnings from investments in financial instruments already exempted before the entry into force of the Law for the Strengthening of Public Finances (Ley de Fortalecimiento de las Finanzas Públicas) on July 1st 2019.

If an exemption is applicable, a request must be submitted to the Tax Administration using the official form provided for this effect along with all the other requirements established in the Resolution DGT-R-10-2020. The Tax Administration will have 2 months to decide on the request.

DV Business Solutions is always up-to-date and ready to provide timely legal and tax advice and assistance to our clients. If you have any doubts or questions with respect to these obligations, or any other issues that may affect your business, do not hesitate to contact us.

Daniel Araya

Socio / Partner

Vladimir Blanco

Socio / Partner


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