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.

More on this topic

Panama to Negotiate Agreements with South Korea and Singapore

August 2010

The negotiations will bring to 12 the number of double taxation agreements it has, equalling the minimum required by the OECD.

Panama's Vice-minister for the Economy, Frank De Lima, indicated thta the agreements will mean that by next year the country will no longer be on the gray list held by the Organisation for Economic Co-operation and Development (OECD).

Panama and Qatar Ink Tax Agreement

May 2010

This is the latest double taxation agreement signed by Panama; it has recently done the same with Belgium, Italy, Holland, Barbados, Spain and Mexico.

Economy Minister Frank de Lima stated that in May they will negotiate two additional agreements with France and Luxembourg.

Panama and Belgium to Sign Double Taxation Agreement

January 2010

The precise date has not been announced yet; this is the third agreement of this nature negotiated by Panama.

The country has already signed double taxation treaties with Italy and Mexico.

Alberto Vallarino, Panama's Economy Minister, informed: "With this agreement with Belgium, we now have three double taxation agreements being negotiated.

Tax reform will slam brakes on economy, say Guatemalan industry leaders

May 2008

Leaders of the Guatemalan Industry Chamber rejected the government's proposal to Congress of an 0.8 percent increase in the tax take.

If the proposal is accepted, prices will go up, jobs will be lost and the economy will slow down, the industrialists said.
The government is seeking an increase in the tax take of 3 billion quetzals (US$405 million).

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