North Coast

Local September 9, 2023 | 9:00 am

Senate approves tax exemption for luxury yachts

Yesterday, the Senate approved, on second reading, the bill that exempts luxury vessels, such as yachts and sailboats, from paying taxes. The legislative initiative, authored by Senators Alexis Victoria Yeb and Ginette Bournigal, contemplates that competition yachts, motor boats, water motorcycles or jet skis, sailing boats, and other vessels will not pay customs duties for ten years if the law... Read more

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