Honduras: Tax Breaks End for 11,000 Businesses

Any company who hasn't justified its tax incentives and benefits will stop enjoying them from April 1st.

Tuesday, April 2, 2013

From a press release issued by the Presidency of Honduras:

Government announces that 11,000 businesses will no longer enjoy exemptions for failure to submit supporting documentation.

In this way, the Executive Directorate of Revenue (DEI) will remove tax relief privileges from these organizations.

The government announced on Monday that about 11,000 companies and institutions will cease to enjoy tax incentives for failing to appear before the Special Commission for the Analysis and Control of exonerations, exemptions, and customs duty relief. At a press conference at the Presidential Palace, President of the Budget Committee of the National Congress, Francisco Rivera, ruled that as of today, those who have not established the conditions under which they have been granted exemptions will be disqualified from the use and enjoyment of that benefit.

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