Nicaragua: DGI creates obstacles for producersRules forces them to personally carried out the processes to get exemptions for each producer and for each transactionFriday, November 28, 2008 Producers and distributors of agricultural products in the country rejected the General Administrative Regulation #15-2008 of the Income Department (DGI), which establishes the procedure for VAT exemption for the agriculture sector, the arts and crafts industry and the sports fishing industry, which could generate some $25 million dollars in new taxes for the Government. Source: laprensa.com.ni Nicaragua: Protests Over Self Transfer of VATMarch 2013 Employers indicate that for some companies, the inadequate implementation of an administrative ruling of the Department of Revenue increases costs by 15%. Entrepreneurs in Favor of Value Added TaxFebruary 2013 The Costa Rican Union of Chambers and Associations of the Private Business Sector is proposing that the current sales tax becomes the Value Added Tax. Nicaragua Removes VAT from Central American ProductsJanuary 2013 A Nicaraguan business leader announced that its government will maintain equal tax treatment for products imported from countries in the region. New in Costa Rica: Value Added TaxMarch 2012 The tax reform, recently approved on its first reading, introduces Value Added Tax (or IVA in Spanish) to replace the existing Sales Tax (IV in Spanish).
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