Law Number 9786 to Combat Plastic Pollution and Protect the Environment which enters into force in six months after its recent publication in the newspaper La Gaceta, seeks a drastic reduction in the consumption of plastic items of a single-use in the country and their subsequent recycling in accordance with the principles of a circular…
Category Archives: News
Blog, News
Implementation of Compliance Programs to Mitigate Criminal Liability of Legal Entities for Corruption Activities
11
Dec
Dec
On June 6, 2019, the Congress approved the new Law for Criminal Liability of Legal Entities on Domestic Bribery, Transnational Bribery and other Crimes (“Law”), as part of the commitments acquired by the country to enter the OECD. According to the international standards, the Law imposes criminal liability on legal entities (national or foreign), and…
21
Nov
Nov
The new rules for the approval of mergers and acquisitions came into force. Law No. 9736 “Law on the Strengthening of Competition Authorities of Costa Rica” was published today. As reported in an earlier newsflash, this is the most ambitious reform of the competition protection system in the country since the enactment of the Competition Law almost…
Blog, News
Reform to the Law of the Financial Analysis Unit to reaffirm the inclusion of Lawyers and Notaries Public as Obligated Subjects in Nicaragua
21
Oct
Oct
On October 7, 2019, the full and amended text of Law 976, Law of the Financial Analysis Unit, was published. The reform was carried out by law 1,002 that was published on September 13 and follows the same policy line as Law 977, Law Against Money Laundering, passed a month earlier. This new reform closes…
21
Aug
Aug
The second Customs and Tax Amnesty in Honduras 2018 By Decree No. 51-2018 of June 6, 2018, the second Customs and Tax Amnesty of the present year was issued, published in the October 6, 2018 edition in the Official Gazette, containing the following benefits: Tax Regularization Customs and Tax amnesty Amnesty Honduran Institute of Social…
Blog, News
BLP Newflash: Important changes in legislation, political landscape in El Salvador / June 2018
21
Aug
Aug
Repeal of the Tax on Financial Transaction Law On May 28, 2018, the Supreme Court of Justice repealed the Tax on Financial Transactions Law (“TFTL”) which levies upon financial operations undertaken in El Salvador. The Supreme Court argued that the Legislative Assembly had violated the constitutional procedure for enacting laws because the text of the…
21
Aug
Aug
Acceptance of the Bill Proposed by the Costa Rican Ministry of Treasury On November 23, 2018, the Constitutional Chamber of the Supreme Court of Justice confirmed that the Bill entitled Tax Reform – Law of Strengthening of Public Finances has no vices of unconstitutionality; therefore, the Bill will continue its process until it becomes the Law of the Republic, which…
Blog, News
Increase in the tax burden on the importation of juices, soft drinks and energy drinks in Nicaragua
21
Aug
Aug
Due to the reform of the Tax Agreement Law published on February 28, 2019, the tax burden on the importation of juices, soft drinks, and energy drinks increased both in the Value Added Tax (VAT) and in the Selective Consumption Tax (ISC): a) Value Added Tax Previously the tax was calculated on the customs value…
21
Aug
Aug
Tax Reform – Acceptance of the Bill Proposed by the Ministry of Treasury The special commission created for the approval of the tax reform, Bill N° 20580 – Law for the Improvement of Public Finances (the Bill), accepted, with votes from PLN, PAC, and PUSC, the proposed bill by the Ministry of Treasury a few…
21
Aug
Aug
GAZETTE SUMMARY LAWS Exchange of information on tax matters between the Republic of Costa Rica and the States of Guernsey Through Law 9551 of May 9, the Legislative Assembly approved the whole text of the “Agreement between the Republic of Costa Rica and the States of Guernsey for the exchange of information on tax matters”….