Honduras: Compulsory Registration for Shrimp Farmers

Regulations on the Act Strengthening Shrimp Farming provides for the issuance of a certificate of registration for those engaged in the distribution and marketing of shrimp.

Wednesday, January 21, 2015

The Executive Directorate of Revenue (DEI) will oversee shrimp transport units and establishments that sell them in order to achieve better tax control of this economic activity, which represents one of the largest in the southern region.

Elheraldo.hn reports that "... Medium and large sized companies were the only ones complying with tax obligations established in law. "Therefore, the DEI will investigate"... Establishments engaged in this activity and transport units, as well as registration certificates which must be placed in a visible place. "

"... The Act Strengthening Shrimp Farming, approved by Decree 335-2013 of April 11, 2014, and its regulations state that a certificate of registration for those engaged in the distribution and marketing of shrimp must be issued. "

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In order for Guatemalan producers to compete under the same conditions as neighboring countries, the government is preparing a bill that seeks to exempt agricultural inputs from VAT.

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Starting in September, a new regulation will take effect which among other thing, establishes mandatory certification of the company by the Ministry of Interior.

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