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Presidential Decree No. 2,228 (the "Decree") (Official Gazette No. 40,989 of September 2, 2016) exonerated from VAT liability the sale and import of goods and the provision of services listed below and exonerated from customs fees the import of the goods listed below, made by Governmental offices or State-owned companies, destined to activities related to the administration, design, construction, installation, operation, maintenance, functioning, repowering, modernization, reconstruction, expansion of the systems of massive transport of passengers exclusively by underground, elevated or in level, subway type, trolleybus, and rail track. The Decree entered into force on September 9, 2016 and will remain in force for five years.

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