Industry Calls for Flexibility on Tax RefundsThe Nicaraguan Chamber of Industries is demanding greater flexibility from the Revenue Department in providing tax refunds to exporters.Tuesday, October 11, 2011
Without specifying the amounts due for refund, the president of the Nicaraguan Chamber of Industries, Mario Amador said, "We have made arrangements with the DGI, as many employers have been claiming that they were not getting their money returned at the speed they wanted ". The delay in the payment of refunds has generated liquidity problems for exporters. Source: elnuevodiario.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?More Problems with VAT RefundsJanuary 2016 Salvadoran exporters claim that the system used by the Ministry of Finance from November to return VAT has put a strain on companies liquidity. Nine Months to Refund VAT to ExportersMarch 2015 In El Salvador the export sector claims that delays of up to nine months are being reported on tax refunds due from the Treasury, which should take no more than 30 days. SAT's Multi Million Dollar Debt to Guatemalan ExportersOctober 2013 The Tax Authority (SAT) owes to domestic exporters about $313 million in tax credit refunds. Self Assesment for VAT in El SalvadorMarch 2013 A proposal has been made for a self-assessment system which aims for the government to quickly provide refunds of the 13% VAT to exporters.
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