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Certificate of Promotion to the Agriculture Exports

PROGRAM FOR THE PROMOTION OF COMPETITIVINESS OF AGRICULTURE AND LIVESTOCK EXPORT 

The program was created by means of Law N° 82 of December, 2009 and it consists in supporting the agriculture export effort of non-traditional products by means of the fiscal instrument denominated Certificate of Promotion to Agricultural Exports (CFA)
Characteristics of the CFA:

Characteristics of the CeFA:

  • IIt is nominative.
  • Transferable by way of endorsement.
  • Expires after one year counted from the date of its endorsement by the General Comptroller of the Republic.
  • It generates obligations by part of the State from the date of its endorsement by the General Comptroller of the Republic.
  • It does not earn interests.
  • They are exempted of all type of national taxes, fees, rights, and encumbrances.
  • It will be useful only for the payment of any national tax, with the exception of the municipal taxes.
  • The assignment, transfer or alienation of the CFA will cause the income tax at a definite rate of 5% on its value.

Who can apply for the CFA?

All the agricultural or the agricultural-industrial exporting industries.

Who can not apply?

  • Companies located in special zones.
  • Companies located in Duty Free Zones.
  • Companies located in Free Zones.
  • Natural or corporate persons that accept other fiscal incentive programs.

http://www.mici.gob.pa/export_cefa.php

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