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.



More on this topic

SMBs: Benefit Period Extended

December 2019

In Honduras, Congress extended for two more years the validity of the Law to Support Micro and Small Enterprises, which grants benefits such as exemption from payment of income tax and other taxes.

To opt for the benefits granted by the law, interested parties must process their permits, national and municipal licenses for its operation, reports a statement issued by Congress.

70% of Tax Exemptions Could be Removed in Honduras

June 2013

Seeking to overcome the collapse in public finances, a bill proposes the elimination of 70% of the tax exemptions granted by the state.

The chairman of the Commission for the Review of Exonerations and Tax Exemptions, Marco Ramiro Lobo, announced that it will present a report to the Government on the management of tax exemptions in the country and they will also submit a bill on exemptions to be sent to the National Congress (NC).

Tax Exemptions Suspended for Three Months

January 2013

A bill submitted to the Congress of Honduras has temporarily suspended all exemptions and tax benefits granted by the Ministry of State in the Finance Dispatches.

The deadline set in the decree is for a period of sixty days from the effective date of this decree, but it will be extended to ninety days upon approval by Congress.

Honduras: Law with Incentives for Call Centers

June 2012

A special law has been passed to encourage the creation of call centers where staff can work part time.

The law provides tariff exemptions for importing the necessary equipment for the operations of a call center that can be set up anywhere in Honduras.

The measure aims to attract investment in this sector and alleviate youth unemployment by giving options for part-time work.

 close (x)

Receive more news about Taxes

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Take Back Your Life. Costa Rica $100,000 Income & Residency

Property has Everything – Location, Privacy, Ocean Views, Profitable Coffee, Waterfalls, 20 Segregated and Titled Building Sites, Farm Manager.
Very Profitable, $100,000, Coffee Farm, 70 Acre: 30,000...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 21)
Brent Crude Oil
87.070
Coffee "C"
237.55
Gold
1,836
Silver
24.26