Approval of the extension of the period authorizing the reduction of working hours for the Tourism Sector, due to the Declaration of National Emergency. On May 21, 2021, Law 9982 went into effect allowing employers in the Tourism Sector who demonstrate that they are still economically affected by the pandemic to request the reduction of…
Category Archives: News
26
Feb
Feb
In a plenary session on February 10, 2021, the Congress of the Republic approved Decree 2-2021 ordering the Leasing Law, which will enter into force once it is validated by the Presidency of the Republic and published in the Official Gazette, as expected to happen in the next few days. With the entry into force…
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…
16
Dec
Dec
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…
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…
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…
15
Oct
Oct
The Costa Rican Social Security Fund (“La Caja”) has recently sent a message to all employers informing of modifications to the composition percentages of the Labor Capitalization Fund (FCL)) and the Obligatory Pension Scheme (ROP), based on the Law to Safeguard the Right of Workers to Withdraw Supplementary Pension Resources, law number 9906, which has…
08
Oct
Oct
Are you aware of the formal tax obligation of inactive companies in Costa Rica? Below, we detail this obligation and suggest how to comply with it in time to avoid sanctions. What is this new tax compliance about? The formal obligation consists of filing declaration D.135 called, Asset Declaration for Inactive Legal Persons. Who must…
05
Oct
Oct
In a follow-up to the creation of the Final Beneficiary Registry (FBR) in August, on September 30, 2020, the National Registry Office issued an informative circular addressed to companies and the private sector. The circular indicates to all companies, and before the entry into force of the FBR, the necessity to update their basic information* in the…
24
Sep
Sep
As of March 1, 2021, no person may access an early retirement with the right to a reduced pension under articles 5 and 24 of the Disability, Old-age and Death Insurance Regulations. * Since the publication of the amendment to the indicated Regulation, a gradual change in the right to early pension was established as…