Article 119 centralizes the power to grant tax exemptions in the office of the Minister of Finance. While Article 118 sets the framework for industrial relief, this Article stipulates that all exemptions in this Section must be officially granted via a Ministerial decision. These decisions must be based on the conditions and controls specified in the Executive Regulations of the Law. This procedural requirement ensures that tax exemptions are not automatically assumed but are subject to formal administrative review, verification of eligibility, and official recording by the Ministry of Finance.