Honduras: Tax Exemptions for AgricultureA bill seeks to exempt from sales tax imports of agricultural machinery, cleaning equipment and other inputs required by the agricultural sector.Monday, June 27, 2016
The draft bill will be presented by the Executive Branch, and according Wilfredo Cerrato, head of the Ministry of Finance, "... once the proposal has been sent to the legislature for study the conditions will be defined for justifying exemption from payment of tax.'This will be how we handle the issue for any sector, because we have to see what we get in exchange for the state sacrificing taxes' ... ". Source: laprensa.hn ¿Busca soluciones de inteligencia comercial para su empresa?Tax Incentives for AgricultureJanuary 2020 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. Controversy Over Tax Regime for AgricultureSeptember 2019 In Guatemala, the chambers of industry and commerce oppose the bill that proposes to create a special tax regime for agricultural activity. Costa Rica: VAT Exemption for Some SectorsMarch 2018 Agricultural machinery and equipment, retreads and tires for machinery could be exempt from 13% VAT, if the substitute text of tax reform that is being discussed in the Legislative Assembly is approved. 70% of Tax Exemptions Could be Removed in HondurasJune 2013 Seeking to overcome the collapse in public finances, a bill proposes the elimination of 70% of the tax exemptions granted by the state.
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