ARTICLE 17: CALCULATION OF THE RATIO OF THE CREDITABLE VALUE-ADDED TAX (VAT) FOR AIRLINES

To calculate the ratio referred to in the provisions established by the Law on accreditation (RLIVA: Art. 1), they are considered included in the value of the activities for which the tax must be paid, the charges that the airlines carry out for the transport services that they provide covered by the plane tickets issued by a different airline. Such charges will not be included by whoever paid them, in the value of the activities for which the tax must be paid or in the total value of their activities.