Our Labor & Employment team gathers the list of mandatory and non-mandatory paid holidays applicable to all Central American countries, ideal for Human Resources teams with operations in the region. Download
Category Archives: Blog
At BLP, Blog, Costa Rica, Real Estate & Hospitality
BLP inaugurates a new office at Marina Flamingo on the Pacific coast of Costa Rica
13
Jan
Jan
As part of its expansion strategy and to continue providing value in its solutions through added contact points, BLP is opening a new office in Marina Flamingo, the latest generation marina and resort village in Costa Rica. This new office focuses on transactions related to local real estate under the auspices of BLP’s renowned Real…
Blog, Costa Rica, News, Tax
Update of the Salary and Income Tax Brackets and Tax Credits as of January 1, 2023
05
Jan
Jan
On December 23, 2022, Executive Decree No. 43852-H was published in the official newspaper La Gaceta setting forth the new brackets of the single tax on income received for personal dependent work or retirement or pension and other remuneration for personal services (Salary Tax), the tax credits for individuals with lucrative activities (Tax Credits) and…
21
Dec
Dec
Listed below are the moveable national holidays for 2023 to enable employers to plan for next year: https://blplegal.com/blp-web-2021/wp-content/uploads/2022/12/Newsflash-Feriados-2023-en-CR_FB-IG-LNK-ENG-1024×1024.png At BLP we have a team that can assist you with the process. For more information contact us at [email protected] or through WhatsApp o Telegram at +506 6280 2269.
14
Dec
Dec
Our team specialist in Tax law shares the primary tax obligations for the 2023 fiscal year in Costa Rica. D-101 Income Tax Declaration Due within 2 months and 15 days after the closing of the company fiscal period. Taxpayers as defined in article two of Law No. 7092- Income Tax Law. Partial Payments of Income…
Analysis, Blog, Costa Rica
New Law for the Cultivation and Commercialization of Cannabis and Hemp in Costa Rica
13
Dec
Dec
https://blplegal.com/blp-web-2021/wp-content/uploads/2022/12/Articulo-Nueva-ley-para-el-consumo-del-cannabis.png Giancarlo Andreoli Senior Associate Costa Rica [email protected] In Costa Rica, recently, Law number 10.113 called “Cannabis Law for Medicinal and Therapeutic Use and Hemp for Food and Industrial Use” was approved, establishing six months to regulate said Law by the Executive Branch, which has executed those regulations as published in the official newspaper La…
Banking & Finance, Blog, Costa Rica, Guatemala, News
BLP has advised EVERTEC, Inc. and its subsidiaries on refinancing credit facilities
12
Dec
Dec
BLP has advised EVERTEC, Inc. (EVERTEC, or the Company) in Costa Rica and Guatemala on the refinancing of its existing credit facilities; the new credit lines consist of $200 million of extended revolving credit and a $415 million term loan A, both maturing on December 1, 2027. The new term loan and a $50 million…
Blog, Business Law, Guatemala, News
BLP advises Grupo Tecún on selling its automotive division to Grupo Q in Guatemala.
07
Dec
Dec
As of December 1, the Hyundai, Mazda, and Peugeot brands formerly controlled by different companies belonging to Grupo Tecún became part of the automotive portfolio of Grupo Q in Guatemala. BLP’s advice to Grupo Tecún on selling its automotive division to Grupo Q consisted of due diligence for the seller, participation in the auction process,…
25
Nov
Nov
On December 1, Costa Rica marks the Abolition of the National Army. However, law 9875 requires that from 2020 to 2024, holidays transfer to Mondays to promote internal visits and tourism. This year the holiday is celebrated on December 5. This date is a non-compulsory pay holiday. An employer with a weekly payment method (non-commercial…
24
Nov
Nov
Michelle Avilés Senior Associate Nicaragua [email protected] A free transfer is when the donor (transferor) bestows a benefit or right without being paid, even though the transfer may be subject to the fulfillment of certain conditions, such as an inheritance, donation, or prize. The taxpayer in this type of conveyance is the party who accepts the…