Honduras: Consensus Over Tax Code

The private sector and government have agreed on the basis of a bill to amend the Tax Code which will be sent to Congress for approval.

Wednesday, July 6, 2016

The draft law agreed between the business sector and the Hernández administration includes a single tax for small businesses. 

The president of the Chamber of Commerce and Industry of Cortes (CCIC), Jorge Faraj said they "... felt very optimistic with the new legal instrument which will facilitate the payment of taxes and reduce red tape, which will make the country more attractive for new investment. "

"... The sectors agreed to establish a new Tax Code which is simple, easy and transparent in order to make the country more attractive again for domestic and foreign investment."

More on this topic

Guatemala: Tax Calendar for January 2018

January 2018

Calendar of payments of obligations corresponding to December 2017 and Tax Memorandum on the minimum wages in effect as of January of this year.

From a Memorandum sent by Tezó and Associates:

On December 29, 2017, the Ministry of Labor and Social Welfare published Government Agreement No.

Honduras: New Tax Code Announced

July 2016

A bill prepared by the Executive and the private sector includes the concept of a single tax and the creation of an administrative court for tax matters.

The bill must now be analyzed and approved by Congress. In addition to regulating exemptions, the new code creates the Superintendency of Tax and Customs and the Tax Administration Department.

Honduras: Tax Simplification Urged

January 2015

Less complex administrative systems and a simplified tax system are the requests made by the private sector to the government in order to improve the country's competitiveness.

In order to improve competitiveness and the business climate, the Honduran Council of Private Enterprise has asked the government to simplify the tax code and streamline public procedures.

Costa Rica : Under Discussion Greater Autonomy For Tax Office

October 2013

Experts say that if the Directorate General of Taxation has more autonomy and flexibility it could improve recovery in the country.

The document entitled "The path towards fiscal consolidation " published by the Ministry of Finance, aims to transform the Directorate General of Taxation (DGT) into an entity with greater autonomy in managing its resources and personnel.

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