These guidelines were approved by the Council of Ministers for Economic Integration (COMIECO) and the Council of Ministers of Health of Central America and the Dominican Republic (COMISCA), with the following goals: Establish coordinated procedures to prevent the spread of COVID-19, Ensure the health of cargo carriers, Cleaning and disinfection of means of transport and,…
Category Archives: News
Blog, News
The Ministry of Labor and Social Security issues complementary dispositions to the Regulation of Occupational Health and Safety
01
Jan
Jan
On June 15th, 2020, the Ministry of Labor and Social Security published the Governmental Agreement 79-2020, that contains complementary dispositions to the Regulation of Occupational Health and Safety, for the prevention and control of outbreaks of SARS COV-2 in work centers. The Agreement establishes obligations and prohibitions for employers and employees, among which the following stand…
Blog, News
Resolution of the Costa Rica´s Customs Directorate on documentary and / or physical review with photocopies in Costa Rica
01
Jan
Jan
During the term of the State of National Emergency, the Costa Rica´s Customs Directorate authorized the documentary and physical verification of the documents and merchandise with copies, impressions or simple photocopies of the documents required by each regime and modality. Responsibility: The Auxiliaries of the Customs Public Function, importers and exporters, as indicated by law,…
01
Jan
Jan
Weekdays: Restrictions applicable Monday to Friday from 5:00 am to 7:00 pm (with exceptions – see attached communication): Monday – Vehicles with a license plate or AGV permit ending in 1 and 2 do not circulate. Tuesday – Vehicles with a plate or AGV permit ending in 3 and 4 do not circulate. Wednesday – Vehicles…
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Directorate General of Immigration modifies and extends temporary administrative measures in Costa Rica
01
Jan
Jan
The Directorate General of Immigration will not receive requests until December 1st, 2020: 1. NEW LEGAL PERMANENCE REQUESTS: No new requests for legal permanence, under any immigration category, will be received until December 1st, 2020, provided that a prior appointment has been requested as of October 19, 2020. VALIDITY OF CRIMINAL RECORD CERTIFICATES, MARRIAGE CERTIFICATES AND BIRTH CERTIFICATES: They…
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Publication of the Regulation of the Fund for Employment Protection due to COVID-19 in Guatemala.
01
Jan
Jan
On April 17th, 2020, the Governmental Agreement no. 58-2020 was published on the Official Gazette of Central America, which includes the Regulation for granting the benefit of the fund for employment protection, which establishes the conditions and requirements to access the economic benefit that the State will grant to workers in the private sector, whose…
01
Jan
Jan
In a follow-up to measures to reduce work shifts and suspend employment contracts, we remind our clients that, if the causes for which they requested the authorization of the measures due to the emergency continue, they may consider extending the period of the reduction of the work shifts or suspensions of the employment contracts. To…
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Legislative Assembly of Costa Rica suspends sanctions for lack of registration of final beneficiaries
01
Jan
Jan
Moratorium on sanctions is established for 3 months. The fines that were suspended amount to 2% of gross income of the previous fiscal year, with a minimum of 3 base salaries and a limit of 100 base salaries. On January 29, 2020, the plenary of the Legislative Assembly approved a moratorium for the application of…
01
Jan
Jan
As part of the economic reactivation measures proposed by the Government of Guatemala before COVID-19, on April 17th, Decree 18-2020 came into effect, through which the Congress approved the loan granted by the Central American Bank for Economic Integration – BCIE (for its acronym in Spanish)- for an amount of USD$ 193,200,000.00 for the execution…
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Ministry of Finance issues resolution to apply for an extension of the maximum deducibility limit for non-bank interest.
01
Jan
Jan
Article 9bis of the Income Tax Law determined the maximum deducibility limit for non-bank interest, which is 20% of the profit before interest, taxes, depreciation, and amortization (EBITDA). Likewise, this article established that the Treasury has to regulate the procedure for the taxpayer to apply a different limit for the deductibility of net interest expense…