Panama: More Incentives for Agro

A bill proposes extending to the agribusiness sector the incentives outlined in Law 28, such as exemption from export tax and import of raw materials.

Thursday, October 20, 2016

From a statement issued by from the National Assembly:

Extending the benefits of Law 28 of 1995 on the organization of production incentives, better known by its initals (in Spanish) ROI, was proposed through a bill put forward by the Ministry of Commerce and Industry.

While waiting for the elaboration of a project to implement an industrial policy for Panama, this proposal has been put forward requesting the extension of ROI, basically related to the exemption from export tax, and incentives for importing raw materials.

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Honduras: Tax Incentive for Agriculture Now In Effect

October 2016

Raw materials, veterinary pharmaceuticals, pesticides, seeds and live animals are exempt from the 15% sales tax.

The current document sets out eight categories of items from raw materials, supplies, equipment and machinery used to produce them. The different classifications contain 323 tariff items for tax free products. 

Nicaragua: Excessive Bureaucracy in Exemptions for Agriculture

January 2015

Producers are complaining about a lack of agility and excessive paperwork in the process to request tax exemptions for the purchase of equipment and farm machinery.

Agricultural producers argue that they can not easily access the exemptions for the purchase of equipment which is established in the recently passed Tax Act.

Nicaragua: Exemptions in Agriculture and Tourism Sectors

June 2014

The amendment to the Law on Tax Coalition which the government is discussing would keep exemptions on the purchase of materials for the sector and contemplates changes to exemptions in the tourism sector.

With the proposed reform agricultural activities would continue to enjoy the exemption from selective consumption tax (ISC), value added tax (VAT) and the tariff on imports (DAI) for the purchase of machinery and other materials needed for the activity.

NO to Removal of Agricultural Exemptions

May 2012

Nicaraguan agriculture businesses are warning the Government that abolishing tax benefits would increase costs in the sector and raise food prices.

In Nicaragua, imports of all raw materials and agricultural inputs for agricultural use are exempt from the 15 percent Value Added Tax (VAT). The government has announced plans to eliminate them.

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