Nicaragua: Taxes on Coffee Anticipated

The coffee union has stated that the advance payment of withholding tax reduces the trade margin of exporters by up to 40%.

Tuesday, March 15, 2016

The obligation to pay an advance withholding tax (IR) to the DGI is threatening the competitiveness of coffee growers, especially companies whose profit is on commission on sales that are placed on the international market. The complaint was made by Michael Healy, president of the Union of Agricultural Producers of Nicaragua to Trincheraonline.com.

"... This tax collecting institution, in addition to the tax levied on sales made by the producer, wants to charge an advance on the total sales on account of IR, representing about 40% of the commercial margin of exporters, which threatens small and medium coffee selling businesses with bankruptcy."

"... We see that the coffee harvest has practically started, but because of the problems faced by exporters, sales of almost a million hundredweight of coffee are at risk," added the president of UPANIC. "


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