Nicaragua Repeals Tax on Colombian Imports

The Ortega administration has introduced a bill to repeal the "patriotic tax" of 35% levied on imports of Colombian products since 1999.

Wednesday, February 22, 2017

For years the private sector has requested removal of the 35% tax charged on imports of Colombian products since December 1999, established by the Alemán administration as a measure of retaliation because of a dispute over territorial boundaries.

Elnuevodiario.com.ni reports that "...The Nicaraguan president said that this measure had already been repealed for Honduras, but it remained in force for Colombia. In the National Assembly, the ruling party, the Sandinista National Liberation Front (FSLN), led by Ortega, has more than 70 members, enough to pass the bill introduced on Tuesday."



More on this topic

Nicaragua Eliminates Tax on Colombian Imports

March 2017

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

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.

New Business Opportunities for Nicaragua and Colombia

February 2017

Paper and machinery are some of the goods that nicaraguan businessmen plan to import in large amounts with the upcoming elimination of the "patriotic" tax of 35% on colombian products.

The decision by Ortega government to abolish the 35% tax on imports of Colombian products, which has been in place since 1999, has been welcomed by the Nicaraguan private sector, which plans to increase imports of products such as machinery, paper and raw materials. The upcoming elimination of the tax, which must be approved by the Assembly, opens the door to new business opportunities between the two countries.

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).

Nicaragua: Businessmen Demand To Remove "Colombia Tax"

July 2013

The so called 'Patriotic Tax' of 35% applied to imports from Colombia is hampering the growth of Colombian investment in the country.

After visiting a trade mission composed of mining companies, sanitaryware companies and craft companies from Colombia, Nicaraguan businessmen said the Government should take into consideration that business opportunities such as these generate more investment in the country, therefore they have requested the elimination or modification of the tax on goods and services, assembly and imported manufactured goods from that South American nation.

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