The Sanitary Records Unit of the Ministry of Health of Costa Rica issued the circular MS-DRPIS-UR-1588-2023 on June 22, 2023, indicating that when a product presents frontal labeling with the following stamps or images, it will be mandatory for the importer or distributor to hide said information from the original label, so that the information…
Category Archives: News
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Price Reasonability in the New Public Procurement Law
20
Jul
Jul
Through the official letter MH-DCoP-OF-0458-2023 of the Public Procurement Directorate of the Ministry of Finance, an interpretation has been made of Article 44 of the Regulations to the new Public Procurement Law regarding the obligation of the Administration to conduct market research. There are two different stages in which a market study must determine the price: 1)…
17
Jul
Jul
On July 6, a new regulation regarding the functions and powers of CONESUP entered into force in response to an urgent necessity and in agreement with the current changes and needs faced by Higher Education in our country. Among the relevant provisions, we can mention, for example: The exemption in compliance with the procedures to…
Analysis, Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Comptroller of the Republic publishes Amendment to the Endorsement Regulation
12
Jul
Jul
The Office of the Comptroller General of the Republic has amended the Regulation on the Endorsement of Public Administration Contracting. This reform defines the Comptroller General’s responsibilities under the General Public Procurement Law. It highlights the obligation to migrate to electronic endorsement through the Unified Digital System (SICOP) while establishing deadlines and procedures for endorsing…
Agribusiness, Blog, Costa Rica, Energy & Infrastructure, Environment, Health & Safety, Environmental, Social and Governance (ESG), News
New European regulations will have a heavy impact on Latin American producers
29
May
May
Recently, the Regulation regarding the marketing in the Union market and the export from the Union of certain raw materials and products associated with deforestation and forest degradation was approved. This regulation would prohibit the entry into the European Union of certain agricultural products that have caused deforestation in their country of origin. Latin American…
Blog, Costa Rica, Energy & Infrastructure, Environmental, Social and Governance (ESG), News
BLP advised Celsia on selling generation assets in Central America to EnfraGen
25
May
May
Celsia, through its companies in Central America, reached an agreement with Fontus Spain (a subsidiary of EnfraGen) for the sale of some of its generation assets in Panama and Costa Rica, such as: Dos Mares hydroelectric complex in Chiriquí (Panama), with a capacity of 118 MW. Solar farms: Divisa (9.8 MW) and Celsolar (9.7 MW)…
19
May
May
Global Affairs Canada released on May 16, 2023, that Canada has formally acceded to the Convention on the Abolition of the Requirement of Legalization of Foreign Public Documents, also known as the Apostille Convention. The Apostille Convention will enter into force in Canada on January 11, 2024. Accession to the Convention means that Canadian citizens…
Blog, El Salvador, News, Tax
Approval of the Law for the Promotion of Innovation and Technological Manufacturing
05
May
May
On May 4, 2023, the President of the Republic sanctioned the Law for the Promotion of Innovation and Technological Manufacturing, approved by the Legislative Assembly on April 19, 2023. The purpose of this law is to stimulate the Salvadoran economy by granting tax incentives to innovation or technological manufacturing projects such as programming, management, maintenance,…
Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, News, Nicaragua
Holiday in Central America: International Workers Day, May 1, 2023
27
Apr
Apr
On Monday, May 1, the countries of Central America celebrate International Workers Day (Labor Day), regulated in the region as follows: Guatemala: The holiday is a mandatory payment day. An employer must pay an employee who works on May 1 time and a half (1.5 times the ordinary salary) as compensation for the day. Honduras:…
21
Apr
Apr
On March 29, through Gazette number 58, scope number 55, resolution MH-DGT-RES-0007-2023 was published by which the General Directorate of Taxation ratified the obligation to file the declaration of inactive legal entities through form D195, which will be available as of April 24, 2023, on the Virtual Tax Administration (“ATV”) platform. Consequently, May 31, 2023, was…