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Are there any tax incentives associated with the purchase of a property in Margarita?

April 26, 2017associated incentives margarita Property purchase tax

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Are there any tax incentives associated with the purchase of a property in Margarita?

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Margarita Island is a tax and duty free zone. There is also no VAT on the island. The purchaser of a property does not pay any taxes on the purchase. There is a minimal annual property tax of US$100.