ARTICLE 37: NON-PAYMENT OF VAT FOR INTEREST DERIVED FROM FINANCING TO ACQUIRE A PROPERTY DESTINED FOR RESIDENTIAL PURPOSES

For the purposes of article 15, section X, subsection a) of the Law (LIVA: Art. 15), the tax shall not be obliged to pay, for the interests derived from financing operations, even if the person providing the financing is not the same person who alienates the good, provided that in the corresponding contract the loan is conditioned to the acquisition of a specific property destined for residential purposes.