The Congress of the Republic has approved Decree 31-2024, the Framework Law for the Integration of the Primary and Agricultural Sector. This innovative legislation consolidates the tax collection framework for the primary and agricultural sectors into a single legal text. The initiative aims to address economic distortions in the tax chain caused by a lack…
Category Archives: Blog
Blog, Costa Rica, Free Trade Zones, News, Sanitary Registration of Products
New Regulation Streamlines the Entry of Raw Materials for Free Trade Zones into Costa Rica
02
Dec
Dec
The Ministry of Foreign Trade and the Ministry of Health have issued regulations under Decree No. 44696-S-COMEX, allowing the admission of products of sanitary interest or their raw materials into the free trade zone and active improvement regimes without requiring sanitary registration or authorization notification, considering the following: The products of sanitary interest or their…
Banking & Finance, Blog, Environmental, Social and Governance (ESG), Honduras, News
BLP advises on Honduras’ first foreign currency sustainable green bond issuance
02
Dec
Dec
BLP is proud to have acted as local legal advisor for Santander US Capital Markets LLC and Citigroup Global Markets Inc. in the Republic of Honduras’ first sovereign green sustainable bond issuance. This historic transaction, carried out in the international capital markets, marks a significant step for the country in advancing projects focused on sustainability…
Banking & Finance, Blog, Costa Rica, News
BLP advised IFC on a $20 Million Investment in Grupo Farmanova Intermed (GFI)
28
Nov
Nov
BLP advised the International Finance Corporation (IFC), a member of the World Bank Group, on an investment of up to USD 20 million in Grupo Farmanova Intermed (GFI), a regional leader in marketing, sales, distribution, and logistics. This investment aims to expand access to high-quality, effective, safe medicines in Central America and the Caribbean. The…
27
Nov
Nov
On November 20, 2024, the Congress of Guatemala urgently approved Decree 32-2024, the “Competition Law.” This approval marks a significant milestone for the country, aiming to promote a competitive market, attract foreign investment, and boost national economic growth. The new law seeks to prevent anti-competitive, monopolistic practices or practices that limit market access for small…
25
Nov
Nov
Important Modifications To The Regulations Of The General Law On Public Procurement Announcements And In Force According To Gazette No. 217 Scope No. 186 Of November 19, 2024 In Decree No. 44745-H Before Contractual activity carried out between public law entities is exempt from the application of ordinary procedures, provided that the following requirements are…
At BLP, Blog, El Salvador, Guatemala, News
BLP achieves tenth consecutive distinction at the Chambers Latin America Awards 2024
22
Nov
Nov
We are pleased to announce that, for the tenth consecutive time and the eleventh overall, BLP has been recognized as Costa Rica Law Firm of the Year at the prestigious Chambers Latin America Awards 2024, presented by Chambers and Partners. At a ceremony held at The Ritz-Carlton Hotel in Miami, United States, this award reaffirms…
At BLP, Blog, Costa Rica, El Salvador, Environmental, Social and Governance (ESG), Guatemala, Honduras, News, Nicaragua
BLP is honored as Pro Bono Leading Light 2024 by Latin Lawyer
21
Nov
Nov
We are excited to announce that BLP has once again been recognized in Latin Lawyer’s prestigious Leading Lights 2024 list, underscoring our steadfast commitment to fostering a robust pro bono culture across Central America. Latin Lawyer acknowledges law firms that have made significant strides in advancing pro bono initiatives, and BLP is proud to be…
21
Nov
Nov
Law No. 10600, “Fiscal Treatment of Infrastructure Trusts,” was published in La Gaceta #218, which amends articles 3 and 28 of the Income Tax Law, No. 7092. The Law establishes that infrastructure trusts will not be subject to Income or Capital Income Tax. This modification took effect on November 20, 2024. For more information, contact…
Blog, Costa Rica, News, Tax
Technical provisions for electronic invoices for tax purposes in Costa Rica
20
Nov
Nov
Through Resolution MH-DGT-RES-0027-2024, published in La Gaceta No. 217, Supplement 186, on November 19, 2024, the General Directorate of Taxation established the formats and technical specifications for implementing version 4.4 of the Annexes and Structures for the Issuance of Electronic Invoices. The timeframe for implementing and operating the cited version 4.4 is six months from…