Private Sector Against New Tax Charges

The union of private enterprises in Nicaragua is opposing the amendment to the Law on Tax Coalition.

Wednesday, February 19, 2014

The Superior Council of Private Enterprise showed its opposition to the reform of the Law on Tax Coalition. The head of the union, José Adán Aguerri said "we will file a constitutional appeal against decree 06-2014, and amendments and additions to this Law, published last week."

" ... The new tax burdens imposed by the regulations and which will affect businesses in the formal sector are the same ones that are being assumed this year ... the 1% increase in the employer's contribution, a one dollar contribution for the plan for transformation and development of coffee production, the increase that has been set in the minimum wage and payment for scanning services which is yet to be determined. "

" ... The constitutional lawsuit will not make the application of the decree ineffective, which is why we are also preparing an suit which will be filed by companies 30 days after having been affected," he added.



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In Nicaragua, the business sector is preparing an appeal of unconstitutionality against the Tax Concertation Law, approved a few days ago by the National Assembly.

The Tax Concertation Law, approved on February 27 and in effect since February 28, establishes a 1% to 3% increase in the income tax of large taxpayers, and from 1% to 2% in the income tax of medium-sized companies.

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With the reform to the law on Tax Concentration non-resident investors in the country will have to pay 15% instead of 10% on income earned from capital.

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Regulations on Tax Law Repealed in Nicaragua

February 2014

The Government has abolished the regulations of the Tax Coalition Law which created new taxes and fiscal measures.

Jose Adam Aguerri, head of the Superior Council of Private Enterprise announced that the regulations on the Tax Coalition Law will be canceled by the Government of the country.

Reforms to Tax Law in Nicaragua

January 2014

Topics related to tax increases and the fiscal industry are to be addressed in the revision of the law.

In mid-2014, the process will start for a new amendment to the Law on Tax Coalition. Everything related to aspects of tax industry will be reviewed, the issue of bonuses and more technical issues "that are part of the process that must be continuously developed," said José Adán Aguerri, president of the Superior Council of Private Enterprise (Cosep).

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