Employers claim that the increase in sales tax has repercussion on the entire production chain, affecting their international competitiveness.
On the issue of exports, prices are practically set by the international market, meaning that agricultural exporters will have to implement new measures to become more efficient, in order to allow them to keep competing internationally.
The private sector in Honduras is protesting that the tax amnesty will not benefit small entrepreneurs .
In a letter sent by Mario Bustillo, director of the Chamber of Commerce and Industry of Tegucigalpa (CCIT) to the Finance Secretary, Wilfredo Cerrato, the official explained that persons and corporations whose declared gross income was lower than $1.57 million were excluded from the amnesty.
Political instability is making both domestic and foreign investors very nervous.
An article in Laprensa.hn looks at how recent political developments related to legal certainty, are worrying Honduran businessmen, as they complicate the promotion of the country as a recipient of foreign investment.
When expressing their support, private enterprises proposed an additional 10% income tax.
Leaders of the Honduran Council of Private Enterprises, the Chamber of Commerce and Industry of Cortés, the Chamber of Commerce and Industry of Tegucigalpa, the Honduran Federation of Agriculture and Livestock Breeders, among others, expressed their support for Roberto Micheletti's government.
London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO.
Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (507) 316-3500
Chicas Vilchez & Ruiz is a professional finance and accounting firm providing Auditing, Consulting, Outsourcing, and Tax services in El Salvador, Central America and the United States.
Operates in El Salvador, Costa Rica, Guatemala, Panama, Honduras and Nicaragua
Phone: (503) 2264 8069