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…
Category Archives: Blog
17
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)…
16
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…
16
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….
16
Dec
Dec
By Shermine Elizondo BLP Associate, specialist in Customs Law [email protected] We have heard a lot about the container crisis lately, but what does it mean, and how does it affect global trade and ultimately the consumer? The COVID-19 pandemic has had a series of negative impacts on the global economy such as closures of businesses…
16
Dec
Dec
Por Shermine ElizondoAsociada BLP especialista en [email protected] Últimamente escuchamos hablar mucho sobre la actual crisis de contenedores, pero ¿qué significa esto realmente y cómo afecta al comercio global y en, última instancia al consumidor final? Con la pandemia del COVID-19 se ha dado una serie de impactos negativos en el ámbito económico mundial, debido a…
13
Dec
Dec
During the Chambers Latin America Awards ceremony held in Miami, Florida, BLP was recognized for its excellence in customer service and its innovative diversity and inclusion program by winning the Costa Rica Firm of the Year and Diversity and Inclusion awards. This is the eighth time, and the seventh in a row, that BLP has…
13
Dec
Dec
BLP has assisted PROPARCO in making an unsecured $30 million loan facility available to Banco Cuscatlan, S.A. The proceeds of the loan will be used by Banco Cuscatlán to make sub-loans to eligible sub-borrowers, including women-led/owned small and medium-sized enterprises in El Salvador. This transaction is intended to provide support to small and medium-sized companies…
Blog
BLP advised The Prudential Insurance Company of America and Cigna as lenders in a $115 million senior note private offering
13
Dec
Dec
BLP advised The Prudential Insurance Company of America and Cigna as lenders in a senior note private offering of an aggregate amount of $115 million. The private placement was purchased by one or more investment funds or managed accounts by Prudential Private Capital, Inc., and Cigna Investment Inc. Procaps´ subsidiaries, including Salvadoran subsidiaries Procaps S.A….
25
Nov
Nov
The Legislative Assembly approved in a second debate the law that seeks to encourage film investments in the country. This Law declares as public interest the attraction of investments by the international film industry in Costa Rican territory, its promotion, and the generation of productive chains. The importance of this Law relies on the positioning…