On December 22, 2021, Executive Decree No. 43375-H was published in the official newspaper La Gaceta, with the new tax brackets and rates of the single tax on income by dependent personnel, and for retirement or pension and other remuneration for personal services (Salary Tax), as well as the brackets and rates for legal persons,…
Category Archives: Blog
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Jan
Jan
As of December 27, 2021, the new regulations of the Consumer Protection Law in Honduras came into force, repealing the regulations of April 15, 2009, and at the same time, updating some provisions and incorporating new rules to protect the rights of consumers and the generation of more market transparency. The new regulations are more…
At BLP, Banking & Finance, Blog, El Salvador
BLP advises IDB Invest on its senior loan for up to $25 million to American Industrial Park S.A. de C.V. (AIP)
11
Jan
Jan
BLP has advised IDB Invest on its senior loan for up to $25 million to American Industrial Park S.A. de C.V. (AIP). AIP is one of the leading companies in El Salvador in the construction and administration of free trade zones and industrial parks, with more than 25 years of experience in the market. It…
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Jan
Must be paid no later than January 31, 2022. Failure to pay entails sanctions, the prohibition to contract with the state or to perform acts in the Public Registry. For help with tax payment procedures, please contact us by email [[email protected]] All registered corporations, limited liability companies, and branches of foreign business entities must pay…
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Jan
Jan
By Rodolfo Salazar BLP Partner in Guatemala [email protected] Our Constitution mandates that the tax system must be fair and equitable, but today this statement is more poetry than reality. Among the many injustices our tax system suffers from, we have international double taxation that punishes our service exporters and that nobody seems to care about,…
06
Jan
Jan
Under Costa Rican law, any property used for housing on a regular, occasional, or recreational basis, including fixed and permanent facilities, valued at more than ¢137.000.000,00 is subject to the Solidarity Tax For the Strengthening of Housing Programs (Luxury Home Tax) which must be paid by January 15, 2022. For the fiscal year 2022, the…
06
Jan
Jan
The Tax Authorities established, by means of ruling DGT-R-075-2019, that companies registered under the category “legally incorporated legal entity” (inactive/holding companies) must file the Simplified Income Tax return (Simplified Form D-101) for fiscal years 2020 and 2021 before March 15th, 2022. The tax return will include information related to cash, temporary investments, collectable accounts, ownership…
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Dec
Dec
The President of the Republic of Guatemala has issued Government Agreement 278-2021 which regulates the minimum wages that will govern agricultural, non-agricultural, and export and maquila activities in 2022, as follows: Economic activity Daily wage Monthly wage Incentive bonus Monthly total Agricultura Q94.44 ($12.19) Q2,872.55 ($370.66) Q250.00 ($32.26) Q3,122.55 ($402.91) Non-Agricultural Q97.29 ($12.55) Q2,959.24 ($381.84)…
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Dec
Dec
At the ASIPI General Assembly held on December 1 in Punta Cana during the XXI Congress of the Association, the new Executive Committee that will lead the Association until December 2023 was elected. The incoming Executive Committee consists of Enrique Díaz (Mexico) as President, Luis Henriquez (Venezuela) as Vice President 1, Jorge Chávarro (Colombia) as…
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Dec
Dec
By Shermine Elizondo BLP Associate, specialist in Customs Law [email protected] The scarcity of space available in maritime transport to move goods, the exorbitant cost increases of this means of transport, closures of ports and factories, as well as saturation and delays of operations in ports, are key factors that influence the current container/supply chain crisis….