The Cuban Official Gazette Jan. 20 published Resolution No. 374/2025, providing a corporate income tax exemption for income generated from the foreign exchange market. The resolution includes measures: 1) exempting income from a domestic or foreign entity’s participation in the foreign exchange market during the first year of operations, based on the exchange rate set by the Central Bank; and 2) limiting the exemption to the amount of net income earned in the relevant period. The resolution applies to transactions carried out on or after Dec. 18, 2025, and to operations carried out in 2026. [Cuba, Official Gazette, 01/20/26]
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