Category Archives: Blog

BLP – TAX NEWS ONLINE MAY, 2018

GAZETTE SUMMARY BILL OF LAW Strengthening of Public Finances – Tax Reform The bill of law to transform the current Sales Tax into a value-added tax was approved by the Treasury Commission of Congress on April 10, 2018, and transferred to the Plenary for a continuation of the legislative process.  If enacted, the value-added tax…

Gender Self-Determination Name Change and Labor Relations

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…

Suspension of Administrative Contracts due to force majeure or fortuitous event.

For reasons of force majeure, or public interest, the Public Administration can declare the suspension of a contract (article 210 of the Public Contracting Regulations), the suspension of the contract’s term (207 of the Public Contracting Regulations) or even revoke the contract (article 11 of the Public Contracting Law and article 214 of its Regulations,…

Extension of the vehicle restriction from April 13 to April 30

Weekdays: Restrictions applicable Monday to Friday from 5:00 am to 7:00 pm (with exceptions – see attached communication): Monday – Vehicles with a license plate or AGV permit ending in 1 and 2 do not circulate. Tuesday – Vehicles with a plate or AGV permit ending in 3 and 4 do not circulate. Wednesday – Vehicles…

Application of technology in Labor Relations From Costa Rica

From a legal perspective, it is considered that the laws are constantly changing, which requires that the Companies frequently update their knowledge and internal regulations. Nevertheless, the evolution of technology is faster than the evolution of the laws that regulate the labor relationships, because they do not go head to head and this is reflected…

BLP advises BMR Energy on Valle Escondido Solar Project in Costa Rica

The BLP team advised BMR Energy, a subsidiary of Sir Richard Branson’s Virgin Group, on closing the $7 million acquisition of the Valle Escondido Solar Project, the only solar project of its size in Costa Rica, a significant investment in the country’s renewable energy. Under the new structure, BMR Energy will assume the construction and…

Publication of the Regulation of the Fund for Employment Protection due to COVID-19 in Guatemala.

On April 17th, 2020, the Governmental Agreement no. 58-2020 was published on the Official Gazette of Central America, which includes the Regulation for granting the benefit of the fund for employment protection, which establishes the conditions and requirements to access the economic benefit that the State will grant to workers in the private sector, whose…

Directorate General of Immigration modifies and extends temporary administrative measures in Costa Rica

The Directorate General of Immigration will not receive requests until December 1st, 2020: 1.  NEW LEGAL PERMANENCE REQUESTS: No new requests for legal permanence, under any immigration category, will be received until December 1st, 2020, provided that a prior appointment has been requested as of October 19, 2020. VALIDITY OF CRIMINAL RECORD CERTIFICATES,  MARRIAGE CERTIFICATES AND BIRTH CERTIFICATES: They…

BLP – TAX NEWS ONLINE JUNE, 2018

GAZETTE SUMMARY EXECUTIVE DECREES Incentives for Electric Vehicles The Regulations under the Law of Incentives and Promotion for Electric Transportation have been issued. The economic incentives for electric vehicles included in the Law are the following: Exemption from the General Sales Tax, proportional Exemption from the Excise Tax, proportional Exemption from the customs duties, proportional…