Pedro Pierluisi assures that he does not favor LUMA Energy’s request to receive a tax incentive

Pedro Pierluisi assures that he does not favor LUMA Energy’s request to receive a tax incentive

For the governor Pedro Pierluisithe company LUMA Energyin charge of transmission and distribution in the electrical network, should not receive a tax exemption decree under the Incentive Code (Law 60 of 2019), a request that is currently under analysis by the Department of Economic Development and Commerce (DDEC).

“I understand that LUMA already has preferential tax treatment under Law 29 of Public-Private Partnerships and I don’t see the need to give any other type of tax incentive. I think that, with the treatment he already receives, under Law 29, it is enough,” said the chief executive during an official event in which 100 members of the Police Bureau were promoted to different ranks.

LUMA Energy presented a request for a decree under the Incentives Code, which would provide the operator with a series of tax exemptions that would impact the collections of the municipalities. The information was confirmed on Sunday by the secretary of the DDEC, Manuel Cidre, who, however, warned that the request has not been granted.

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