Honduras: Tax Simplification Urged

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.

Thursday, January 22, 2015

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. "...The aim is to ensure the economy will grow and allow the State to collect resources in order to meet its obligations. "

The Finance Secretary Wilfredo Cerrato told Laprensa.hn that "... A pledge has been made to work together on a reform which includes the revision of rates, decrees and all legislation to ensure simplification of taxation. The aim is to ensure the economy will grow and the State will be able to collect resources in order to meet its obligations. "

For his part, the President of the Chamber of Commerce and Industry of Cortés, Emin Abufele, added "... The importance of establishing simplified administrative systems has been raised along with creating a new tax system to allow the country to be highly competitive. "



More on this topic

Less Bureaucracy, More Private Investment

March 2018

Through an agreement with the business sector, the government of Honduras has announced that it intends to simplify procedures for licenses and registration of companies.

As part of a plan to facilitate private investment, the Hernandez administration has announced that they will also be talking with mayors so that local governments facilitate the operation of companies nationwide. In addition they "... announced that from April they will start using customs' forward looking statement."

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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.

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A meeting of Honduran businesses has been organized for February 12 which aims to present a portfolio of private investment projects.

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Honduras: Private Sector Calls For Energy Imports

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The private sector is seeking to solve the energy crisis in Honduras by asking for regulation to be made flexible in order to allow direct import of energy for companies.

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