Throughout history it has been demonstrated that crises, with all their negative elements, bring forth positive side effects too. The financial crisis of 2008, caused by the collapse of the Real Estate bubble in the United States, had as a side effect the rise of Airbnb and Uber, whose popularity surged from the people’s need to procure other…
Category Archives: Blog
01
Jan
Jan
GAZETTE SUMMARY EXECUTIVE DECREES Applicable depreciation for photovoltaic panels The list of assets included in the Annex No. 2 of the Regulations to the Income Tax Law named “Depreciation Method and Percentages” was amended with the aim of acknowledging depreciation as a tax-deductible expense for Income Tax purposes as follows: Asset or activity Annual…
01
Jan
Jan
At BLP, we know that economic reopening represents challenges for companies in the region. With this vision, our team specialized in Occupational Health and Safety is available to accompany you to overcome these challenges. Check out our OHS content series below: Biosafety guidelines for Central American cargo transport sector. Occupational Health and Safety: Ensuring Business…
Blog, News
Ministry of Finance issues resolution to apply for an extension of the maximum deducibility limit for non-bank interest.
01
Jan
Jan
Article 9bis of the Income Tax Law determined the maximum deducibility limit for non-bank interest, which is 20% of the profit before interest, taxes, depreciation, and amortization (EBITDA). Likewise, this article established that the Treasury has to regulate the procedure for the taxpayer to apply a different limit for the deductibility of net interest expense…
01
Jan
Jan
Costa Rica Carla Sánchez – Senior Associate In Costa Rica, multiple efforts have been made focused on promoting equality and non-discrimination in employment, and since the national emergency declaration that has involved economic and operational effects on companies; It is appropriate to analyze that every organization must be careful not to apply mitigation measures to…
01
Jan
Jan
Lawyers, Public Notaries and their new designation as Mandatory Subjects under Law No. 977, Law against Money Laundering (LA / FT / FP). As of 2019, Nicaraguan lawyers and notaries public become part of the National System: Against the Laundering of Assets, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction….
01
Jan
Jan
Costa Rica, a country of 51,060 square kilometers (19,714 sq. mi.) with a population of approximately 5 million, has recently appeared in the media for its achievements on the management of the COVID-19 health crisis. The fact is that Costa Rica has been doing things differently for a while, and this small country has taken…
01
Jan
Jan
New rules were established for the letter of exception to the sanitary vehicle restriction*: As of August 1, all letters of exception to the restriction of sanitary vehicles must be re-issued, indicating the new date on which they were written. These letters will be valid for two months, starting from their date of issue. Such…
01
Jan
Jan
The Internet has become an ally of brands, which allows to eliminate physical barriers and get closer to its consumers. This implies new business opportunities and risks for companies. Our specialized team in Intellectual Property shares the following series of content that will help your brand in the new digital world. Costa Rica proposes to…
Blog, News
The Government of the Republic of Guatemala issues a Plan of National Strategy to reopen activities in the country
01
Jan
Jan
On June 2nd, 2020, the Ministry of Public Health and Social Assistance published the Ministerial Agreement 144-2020 which contains the national strategy for controlling the epidemic COVID-19 and the conditions of confinement to complement the presidential provisions dated May 31st, 2020 that were published on June 1, 2020 and which ratified the validity of the…