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,…
Category Archives: News
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…
Blog, News
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…
Blog, News
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…
Blog, News
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…
Blog, News
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…
01
Jan
Jan
Lawyers, Public Notaries and their new designation as Mandatory Subjects under Law No. 977, Law against Money Laundering (LA / FT / FP). As of 2019, Nicaraguan lawyers and notaries public become part of the National System: Against the Laundering of Assets, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction….
01
Jan
Jan
New rules were established for the letter of exception to the sanitary vehicle restriction*: As of August 1, all letters of exception to the restriction of sanitary vehicles must be re-issued, indicating the new date on which they were written. These letters will be valid for two months, starting from their date of issue. Such…