Ley 25.429

DOUBLE DEDUCTION FOR THE AMOUNTS INVESTED IN EXPENSESINCURRED UP TO THE COMPLETION OF THE SURVEY ON THE TECHNICAL-ECONOMIC FEASIBILITY OF THE PROJECT5. MINING INVESTMENTS LAWTAX IMPACT a)INCOME TAX - DEDUCTIONSACCELERATED AMORTIZATIONPROVISION FOR ENVIRONMENTAL PROTECTIONTAX IMPACT b)INCOME TAX - DEDUCTIONSACCELERATED AMORTIZATION:- EQUIPMENT, CIVIL WORKS AND CONSTRUCTIONS FOR THE PROVISIONOF THE NECESSARY INFRASTRUCTURE:1ST. YEAR: 60%2ND. YEAR: 20%3RD. YEAR: 20%- MACHINERY, EQUIPMENT, VEHICLES AND FACILITIES NOT COMPRISEDABOVE: 1/3 PER YEAR.TAX IMPACT c)INCOME TAX. DEDUCTIONSPROVISION FOR ENVIRONMENTAL PROTECTION- 5% OF EXTRACTION AND BENEFIT OPERATING COSTSTAX IMPACT d)IMPORT DUTIESEXEMPTION FROM DUTIES AND OTHER CHARGES, INCLUDED STATISTICSRATE ON:* CAPITAL GOODS* SPARE PARTS* SUPPLIES (NECESSARY FOR THE PERFORMANCE OF ACTIVITIES)TAX IMPACT e)ROYALTIESPROVINCIALMAXIMUM: 3%“BOCA-MINA” VALUEEXTRACTED MINERALBuenos Aires, July 26, 1995LAW 24402 (OFFICIAL GAZETTE DATED 12.9.94)FINANCING FOR THE PAYMENT OF V.A.T. (TWO REGIMES)1. V.A.T. FINANCING38