Category Archives: Nicaragua

As of June 16, the presentation of a negative RT-PCR test for COVID-19 is no longer necessary to enter Nicaragua. This exemption also applies to aircrews and passengers. The only requisite to enter the country is to present a complete schedule of two doses of any vaccine approved by the WHO or registered within the…

The Tax Agreement Law requires all taxpayers registered under the general regime to declare and pay an annual Income Tax on Business Activities. Payable tax is the higher of: 30% over taxable net income of the year 2021; or Minimum Definite Payment of 1%, 2%, or 3%, as applicable, over the taxable gross income of…

On February 3, 2022, the National Commission for the Minimum Wage in Nicaragua, presided over by the Labor Ministry of the Nicaraguan Government, approved an increase in the current minimum wage for each sector of the national economy to remain in effect from March 1, 2022, through February 28, 2023, as follows: Economic Sector Percentage…

Since 1995, through Executive Decree No. 3-95, the Real Estate Tax or IBI was established as a tax on real estate located within each Municipality. For IBI purposes, the following are considered real estate: Land, stable or permanent plantations, and fixed and permanent installations or constructions All assets that constitute real estate by their nature…

Renewal of Municipal Operational License in Nicaragua Since the first of January of each year, the Municipal Operational License that authorizes companies to operate their economic activity in a certain municipality is subject to renewal since it expired on December 31. As of last year, the procedures for this renewal became a little more complex…