As we face the worldwide COVID-19 crisis, the need to document the fate of an individual’s estate through the corresponding legal formalities is now more important than ever. After the effort of years of work, the accumulated assets that make up a person’s heritage merit careful consideration on how to preserve and eventually distribute the…
Category Archives: Blog
01
Jan
Jan
Environment Incentive Law for the Import and Use of Electric and Hybrid Means of Transportation. On September 24, 2020, the Legislative Assembly approved Legislative Decree number 738, enacting the Incentives Law for the Importation and Use of Electric and Hybrid Means of Transportation. The purpose of this law is to promote the use of electric…
Blog, News
Legislative Assembly of Costa Rica suspends sanctions for lack of registration of final beneficiaries
01
Jan
Jan
Moratorium on sanctions is established for 3 months. The fines that were suspended amount to 2% of gross income of the previous fiscal year, with a minimum of 3 base salaries and a limit of 100 base salaries. On January 29, 2020, the plenary of the Legislative Assembly approved a moratorium for the application of…
01
Jan
Jan
As part of the economic reactivation measures proposed by the Government of Guatemala before COVID-19, on April 17th, Decree 18-2020 came into effect, through which the Congress approved the loan granted by the Central American Bank for Economic Integration – BCIE (for its acronym in Spanish)- for an amount of USD$ 193,200,000.00 for the execution…
01
Jan
Jan
In a follow-up to measures to reduce work shifts and suspend employment contracts, we remind our clients that, if the causes for which they requested the authorization of the measures due to the emergency continue, they may consider extending the period of the reduction of the work shifts or suspensions of the employment contracts. To…
01
Jan
Jan
GAZETTE SUMMARY BILLS OF LAW Strengthening of Public Finances This bill of law intends to transform the current Sales Tax into a Value-Added Tax that would apply to all services. In addition, it presents important amendmentsto the Income Tax Law, such as the tax on capital gains. (Published in the Digital Appendix No. 120 of…
01
Jan
Jan
At BLP we are proud to quote one of our clients that “Successful businesses cannot exist in failed societies”. We recognize that our success depends on keeping the societies in which we work functioning and robust. As a vital part of our mission, we seek to safeguard our environment and exercise leadership within the business and geographical…
01
Jan
Jan
The Costa Rican Government recently unveiled a plan to legalize and regulate the cultivation of hemp and medicinal cannabis in our country, as a key element for its economic reactivation. The commercialization of products containing CBD (including food, beverages, and cosmetics) is already permitted here, presenting an important business opportunity. Estimations are that the global…
01
Jan
Jan
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”….
01
Jan
Jan
We must prepare ourselves to implement the changes that are required at the organizational level, related to the Supreme Electoral Tribunal Decree that will be published at any time in the Gazette, which gives the possibility of changing a name in accordance with gender self-determination to which each person is entitled. Workplace preparation should focus…