Industry Calls for Flexibility on Tax Refunds

The Nicaraguan Chamber of Industries is demanding greater flexibility from the Revenue Department in providing tax refunds to exporters.

Tuesday, October 11, 2011

Without specifying the amounts due for refund, the president of the Nicaraguan Chamber of Industries, Mario Amador said, "We have made arrangements with the DGI, as many employers have been claiming that they were not getting their money returned at the speed they wanted ". The delay in the payment of refunds has generated liquidity problems for exporters.

Tax refunds are covered under Article 43 of the Fiscal Equity Law.

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