Nicaragua Eliminates Tax on Colombian Imports

Goods and services imported from the South American country will no longer incur the "patriotic" tax of 35%, which has been levied since 1999.

Wednesday, March 8, 2017

From a statement issued by the National Assembly:

With the unanimous approval this March 7, of the Bill Repealing the law creating the tax on Goods and Services of Colombian origin or provenance, Nicaragua opens the door to boosting investment and improving the business climate between the two countries.

See: "New Business Opportunities for Nicaragua and Colombia"

Strengthening trade relations between Nicaragua and Colombia and regional integration, will also be favored with the elimination of the 35% tax on any imported good or service, manufactured and assembled with Colombian origin or provenance.



More on this topic

NO to Tariff on Imports From Colombia

January 2015

Nicaraguan industrialists pay more than their competitors in other Central American countries for the Colombian raw material they consume.

The 35% charged for "patriotic duty" on imported products from Colombia is affecting the performance of the productive sector and taking away competitiveness from Nicaraguan in the region.

Nicaragua: NO to Special Tariff on Imports from Costa Rica

March 2014

The Superior Council of Private Enterprise opposes the proposed "patriotic tax" of 35% on Costa Rican products and services.

The proposal by the Nicaraguan former Foreign Minister Francisco Aguirre, to charge a 35% tariff on products entering from Costa Rica has been rejected by the Superior Council of Private Enterprise (Cosep).

Commodity Tax Removed from Colombian Raw Materials

March 2012

Nicaragua will eliminate the 35% tax on Colombian imports, which created a a disadvantage to local businesses compared to the rest of the region.

The abolition of the tax will be effective in a few weeks and follows an agreement between businesses and the government.

Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), said that the tariff be suspended by way of a reform initiative to be adopted in Parliament after 9th April.

Decisions of the Constitutional Court in El Salvador

June 2011

The Chamber of Commerce and Industry is calling for a repeal of the decree requiring unanimity in the decisions of the Constitutional Chamber of the Supreme Court.

The statement from the Chamber of Commerce and Industry of El Salvador reads:

“House asks Legislature to repeal Decree 743

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