This Law aims to establish the comprehensive regulatory framework for tourism activities in order to boost economic growth, promote, encourage, and regulate the sustainable and competitive development of tourism activities. Likewise, activities generated by tourism and handicrafts are governed by the principles contained in this Law and by the special legal provisions applicable to these activities.
Accordingly, in order to align the General Customs Law with this Law, the Supplementary Provision has established amendments to Articles 56 and 57 of the General Customs Law, which are based on the term and the guarantee under the temporary admission customs regime for re-exportation in the same condition.
On the one hand, Article 56 has incorporated that the temporary admission regime for re-exportation in the same condition shall be for five (5) years in the case of natural or legal persons who bring into the country aircraft intended for their purposes, as well as parts, components, spare parts, engines, the aircraft’s technical documents, and instructional/training material for aeronautical personnel. These items must be detailed through a ministerial resolution issued by the Ministry of Economy and Finance, with suspension of payment of any taxes.
On the other hand, Article 57 specifies that natural or legal persons who bring into the country aircraft intended for their purposes, as well as parts, components, spare parts, engines, the aircraft’s technical documents, and instructional/training material for aeronautical personnel, are exempt from providing the aforementioned guarantee.
To view the full Law, click the following link: https://tinyurl.com/mssfwenw