The observance of New Year’s Day on January 1 is regulated throughout the region as follows: Costa Rica: Under Article 148 of the Labor Code, January 1 is declared a compulsory payment holiday. An employer who has a weekly payment method (non-commercial activity), in which only the days worked are compensated must add the payment…
Author Archives: blp_admin
16
Dec
Dec
NICARAGUA: APPROVED REGULATION MINISTRY OF LABOR / FREE TRADE ZONES COMISSION MINISTRY OF HEALTH / NATIONAL INSTITUTE OF CIVIL AERONAUTICS (INAC) SUPERINTENDENCY OF BANKS AND OTHER FINANCIAL INSTITUTIONS (SIBOF) NATIONAL MICROFINANCE COMMISSION (CONAMI) NICARAGUA: APPROVED REGULATION MINISTRY OF LABOR / FREE TRADE ZONES COMISSION Tripartite Labor Agreement to Address the National Emergency (March 24, 2020) –…
16
Dec
Dec
EL SALVADOR: APPROVED REGULATION LEGISLATIVE ASSEMBLY EXECUTIVE BRANCH JUDICIAL BRANCH EL SALVADOR: REGULATION TO BE APPROVED LEGISLATIVE ASSEMBLY LEGISLATIVE ASSEMBLY Legislative Decree No. 593 dated March 14, 2020- Declaration of National Emergency No worker who is quarantined by COVID-19, ordered by the competent health authority, nor those who are unable to return to the…
16
Dec
Dec
COSTA RICA: APPROVED REGULATION PRESIDENTIAL HOUSE LEGISLATIVE ASSEMBLY MINISTRY OF HEALTH AND CCSS (COSTA RICAN AUTHORITY ON HEALTH AND SOCIAL SECURITY) INS (NATIONAL INSURANCE INSTITUTE) MINISTRY OF LABOR (MTSS) TREASURY CUSTOMS COSTA RICAN INSTITUTE OF ELECTRICITY JUDICIAL AUTHORITY CENTRAL BANK, FINANCIAL SYSTEM SUPERVISORY NATIONAL BOARD (“CONASSIF” for its acronym in Spanish) AND SUPERINTENDENCIES MINISTRY OF…
16
Dec
Dec
HONDURAS: APPROVED REGULATIONS PRESIDENTIAL HOUSE – REPUBLIC OF HONDURAS NATIONAL RISK MANAGEMENT SYSTEM (SINAGER) MINISTRY OF HEALTH EXECUTIVE DECREES LEGISLATIVE DECREES IMMIGRATION NATIONAL INSTITUTE NATIONAL BANK AND INSURANCE COMMISSION (CNBS) JUDICIAL POWER OF HONDURAS MINISTRY OF GOVERNMENT AND JUSTICE SECRETARY OF STATE IN THE GOVERNMENT AND JUSTICE OFFICES SECRETARY FOR ECONOMIC DEVELOPMENT HONDURAS NATIONAL POLICE RENT…
15
Dec
Dec
On Friday, December 25, Central America observes the feast of the nativity of Jesus Christ, which entails the enjoyment of a holiday regulated in the region as follows: Guatemala: The holiday is a mandatory pay date, applicable to 12 hours on December 24 and all day on December 25. An employee who works from noon…
At BLP, Blog
Costa Rica Tax Administration updates Income Tax amounts and tax credits from January 1st, 2021.
09
Dec
Dec
By Decree, the Tax Administration updated the income tax amounts and credits for: dependent personal work, retirement or pension, or other remunerations; legal entities; and natural persons with lucrative activities, as detailed below: Income Tax for dependent personal work, retirement or pension, or other remunerations (salary tax) Amount Tax Up to ¢842.000,00 Exempt Over the…
08
Dec
Dec
Labor Transitional provisions to protect employees with underlying medical conditions vulnerable to Covid-19 On November 19, 2020, the Legislative Assembly enacted transitional provisions to protect employees with underlying medical conditions vulnerable to Covid-19 (“Transitional Provisions”). These provisions extend a decree enacted in September 2020 which was in force until October 23, 2020. Scope of application: The…
11
Nov
Nov
By resolution DGT-R-38-2020, the General Directorate of Taxation determined that inactive entities registered before the Tax Administration under the economic activity code 960113, “legal entities constituted in the country that do not develop economic activity from a Costa Rican source”, must file an Income Tax Return using form D-101. The information to be submitted must include…
26
Oct
Oct
At the law firm where I am a partner, we are fortunate to have a culture oriented towards diversity and inclusion. It´s part of our DNA. However, a few days ago, while discussing the organization of a webinar for our clients, we agreed unconsciously on a panel of speakers comprised only of men. When somebody…