The purpose of the Law is to promote the renewal and modernization of the fleet used for national transportation and cabotage, as well as to strengthen the shipbuilding industry through ship construction, repair, maintenance, and conversion activities.<\/p>\n
The regulation establishes a tax incentive regime aimed at national shipping companies engaged in cabotage activities, allowing them to deduct from their taxable net income 100% of the amount effectively reinvested in the acquisition of new nationally built vessels, fleet modernization, complementary port infrastructure, and assets related to shipyards and equipment for cabotage operations.<\/p>\n
To access the benefit, companies must comply with requirements related to the generation of income from cabotage, the existence of cargo contracts or commitments, the submission of operating plans, and the accreditation of verifiable economic impacts.<\/p>\n
Likewise, the deduction shall be limited to 30% of the taxable net income for the fiscal year, and its granting shall require the prior approval of a reinvestment program by the Ministry of Transport and Communications, with the favorable opinion of the Ministry of Economy and Finance. The regime shall remain in force for five years from the publication of its regulations and shall be subject to supervision and to the loss of the benefit in the event of non-compliance with the established conditions.<\/p>\n
The Executive Branch must issue the regulations for the law within 180 calendar days following its entry into force, while the reinvestment regime shall remain in force for five years from the publication of its regulations, and vessels flying the national flag shall have a period of 24 months to comply with the maintenance conditions provided by the regulation.<\/p>\n
Effective date: 05.07.2026<\/p>\n