Honduras and Nicaragua has highest tax rates in CA

Honduras and Nicaragua has highest tax rates in CA

Friday, November 7, 2008

The National Consumer Rights Commission of Honduras
report states that Belize, Honduras and Nicaragua have highest tax rates in CA: 20.7%, 17.8% and 17.7% respectively.

On the other hand, El Salvador is at 13.7% and Guatemala at 10.2% are the lowest in the region in comparison to the GDP.

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In order to access the $1.75 billion credit requested from the IMF, the Costa Rican government proposes to tax financial transactions, increase the tax on the profits of companies and individuals, and increase the tax on real estate.

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