Article 22 – Exempt Income
The following income and related expenditure shall not be taken into account in determining the Taxable Income:
- Dividends and other profit distributions received from a juridical person that is a Resident Person.
- Dividends and other profit distributions received from a Participating Interest in a foreign juridical person as specified in Article 23 of this Decree-Law.
- Any other income from a Participating Interest as specified in Article 23 of this Decree- Law.
- Income of a Foreign Permanent Establishment that meets the condition of Article 24 of this Decree-Law.
- Income derived by a Non-Resident Person from operating aircraft or ships in international transportation that meets the conditions of Article 25 of this Decree-Law.
