GAZETTE SUMMARY EXECUTIVE DECREES Delays in granting benefits Article 5 of Executive Decree number 40540-H, called “Fiscal Contingency” was amended, authorizing a delay for granting the declarations of public interest, sports activity, or cultural interest, for activities or legal entities, by the different government entities that have the authority to grant it. The declaration of sports…
Category Archives: Blog
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Aug
Aug
The second Customs and Tax Amnesty in Honduras 2018 By Decree No. 51-2018 of June 6, 2018, the second Customs and Tax Amnesty of the present year was issued, published in the October 6, 2018 edition in the Official Gazette, containing the following benefits: Tax Regularization Customs and Tax amnesty Amnesty Honduran Institute of Social…
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Aug
Aug
Gazette Summary ADMINISTRATIVE RESOLUTIONS Registrations, modifications or deregistrations of Taxpayers Through Resolution No. DGT-R-60.2017 of December 20, 2017, the Tax Administration clarified the necessary requirements and procedures for registration, modification or de-registration before the Taxpayers’ Registry. Likewise, the resolution details that, for economic activities, the Tax Administration adopted the Uniform International Industrial Classification (ISIC). The…
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Aug
Aug
Interesting changes are taking place in the Honduran market, thanks to technological advances in the electric power sector, where consumers and commercial/industrial companies can install self-consumption electrical energy systems in order to reduce usage, protect the environment and especially to reduce the amount of the electric bill. This practice is being implemented by entry into force…
Blog, News
BLP Newflash: Important changes in legislation, political landscape in El Salvador / June 2018
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Aug
Aug
Repeal of the Tax on Financial Transaction Law On May 28, 2018, the Supreme Court of Justice repealed the Tax on Financial Transactions Law (“TFTL”) which levies upon financial operations undertaken in El Salvador. The Supreme Court argued that the Legislative Assembly had violated the constitutional procedure for enacting laws because the text of the…
21
Aug
Aug
Acceptance of the Bill Proposed by the Costa Rican Ministry of Treasury On November 23, 2018, the Constitutional Chamber of the Supreme Court of Justice confirmed that the Bill entitled Tax Reform – Law of Strengthening of Public Finances has no vices of unconstitutionality; therefore, the Bill will continue its process until it becomes the Law of the Republic, which…
21
Aug
Aug
Social media represent new challenges for those of us who work in the field of Intellectual Property. The unauthorized use of trademarks and their counterfeiting occur today in an environment that requires a different approach. Social media, and particularly Instagram is the new “go to location” for the promotion and development of brands, through full interaction with consumers…
Blog, News
Increase in the tax burden on the importation of juices, soft drinks and energy drinks in Nicaragua
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Aug
Aug
Due to the reform of the Tax Agreement Law published on February 28, 2019, the tax burden on the importation of juices, soft drinks, and energy drinks increased both in the Value Added Tax (VAT) and in the Selective Consumption Tax (ISC): a) Value Added Tax Previously the tax was calculated on the customs value…
21
Aug
Aug
Tax Reform – Acceptance of the Bill Proposed by the Ministry of Treasury The special commission created for the approval of the tax reform, Bill N° 20580 – Law for the Improvement of Public Finances (the Bill), accepted, with votes from PLN, PAC, and PUSC, the proposed bill by the Ministry of Treasury a few…
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Aug
Aug
GAZETTE SUMMARY LAWS Exchange of information on tax matters between the Republic of Costa Rica and the States of Guernsey Through Law 9551 of May 9, the Legislative Assembly approved the whole text of the “Agreement between the Republic of Costa Rica and the States of Guernsey for the exchange of information on tax matters”….