Nicaragua: Breeders Reject Tax Reform

The National Breeders Commission (Conagán), indicated they will not accept being taxed further.

Thursday, September 3, 2009

René Blandón, president of the Commission, said that a tax increase will demotivate livestock breeders.

René Vallencillo, who was invited by the breeders to talk on the topic, "criticized the increase of retentions in the Agricultural Exchange, which would reach 5%", reported newspaper El Nuevo Diario.

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Nicaraguan Businessmen Reject Tax Reform

April 2009

The Superior Council of Private Enterprise, COSEP, considers that this is not the time to negotiate a tax reform.

José Adán Aguerri President of COSEP, reported that within the current economic context, fiscal reform would not be a response to alleviate the difficulties.

Nicaragua: Tax Reform Proposal

May 2011

An increase tax revenues is necessary to fund social programs and infrastructure.

The Civil Coordinator and a group of organizations will present next month a tax reform proposal that seeks to ensure funds for investment in education, infrastructure and health.

"The director of the Economic Commission for the Civil Coordinator, Adolfo Acevedo said '...

Nicaragua: Tax Reform Postponed Until 2010

November 2009

The proposed tax legislation called "Ley de Concertación Tributaria" (Tax Concertation Law), introduced by the Government, will be postponed until 2010, in light of strong rejection by several economic sectors.

This was confirmed by Antenor Rosales, president of the Central Bank of Nicaragua, who added that they will now focus on making partial modifications to the Fiscal Equity Law ("Ley de Equidad Fiscal").

Reforms to Tax Law in Nicaragua

January 2014

Topics related to tax increases and the fiscal industry are to be addressed in the revision of the law.

In mid-2014, the process will start for a new amendment to the Law on Tax Coalition. Everything related to aspects of tax industry will be reviewed, the issue of bonuses and more technical issues "that are part of the process that must be continuously developed," said José Adán Aguerri, president of the Superior Council of Private Enterprise (Cosep).

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