On 19 September 2012, the General Resolution NAC-DGERCGC12-00572, which establishes the new rules to apply the remittance tax exemption, was published.
The exempted amount of USD 1,000 will be granted within a period of 15 days (from day 1 to day 15 or from day 16 to day 30 of each month) and up to an amount of USD 2,000 monthly (previously there was no time limit).
Withholding agents will…