Nicaragua: Changes in Declaration of Income Tax

A controversial clause which invalidated the right to deduct anticipated monthly minimum payments in settlement of income tax has been removed from the declaration form.

Tuesday, March 25, 2014

After receiving criticism from the private sector and experts claiming that the amendment violated the tax law, the Directorate General of Revenue (DGI) has removed from the tax form the check box that did not recognize the right of deduction of anticipated minimum monthly payments in settlement of income tax (IR).

"The announcement was made yesterday by the President of the Superior Council of Private Enterprise (Cosep), Jose Adan Aguerri, who noted that after several days of negotiations, the Treasury decided to adjust the reporting system and leave the controversial box void. He also clarified that despite the delay, for now, the DGI will keeps the tax return deadline as 31 March, in other words there will not be an extension. "



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Guatemala: All Pension Funds Will Deduct Taxes

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