A controversial clause which invalidated the right to deduct anticipated monthly minimum payments in settlement of income tax has been removed from the declaration form.
After receiving criticism from the private sector and experts claiming that the amendment violated the tax law, the Directorate General of Revenue (DGI) has removed from the tax form the check box that did not recognize the right of deduction of anticipated minimum monthly payments in settlement of income tax (IR).
The reform of Article 92 of the Constitution of Nicaragua referring to databases, and telecommunications records could affect the trade and service industry.
According to Joseph Adam Aguerri, president of the Superior Council of Private Enterprise (Cosep), reform of Article 92 of the Constitution of Nicaragua proposed by the government is "counterproductive" in relation to economic matters.
The projected tax reform is a battlefield for the competing interests of the various productive sectors.
Both the Superior Council of Private Enterprise (COSEP) and the Union of Agricultural Producers of Nicaragua (UPANIC), are in favor of excluding the agricultural sector from the discussion of tax reform, meanwhile the National Workers Front (FNT) and the Nicaraguan Council of Small and Medium Enterprises (Conimipyme), reject such a position as discriminatory.