The tax incentives mentioned in Article 34 of this law apply to businesses of moral persons (group of people who come together for a specific purpose, for example, a commercial company, a civil association). It is important to emphasize that the law applies as long as the use is indispensable. In a residence or a home the use of electricity must be essential to be able to deduct the investment.
This means that home use such as watching TV, using the weather, etc. would not apply to this law. Whereas, the use of electricity in business is vital and indispensable, since a business or company cannot operate in most cases without the use of electricity for computer equipment, telephones, refrigerators, etc.
This law applies to all businesses, companies, and types of industries. There are no limitations based on the size or class of business, all businesses, companies, and industries can be part of this tax incentive and deduct taxes.
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isabel suarez
February 26, 2020