Reversal in Air Freight Collection

In Nicaragua, authorities reported a decision to suspend collection of the additional fee of $0.05 for each kilogram exported or imported by air.

Friday, June 7, 2019

The extra charge came into effect last April 25, but from the beginning the private sector spoke out against it, because it was argued that the tariff that the Nicaraguan government would apply, would put some local companies on the border of closure and cause a decrease of about $50 million annually.

See "More Costs in Times of Crisis" and "Fisheries Sector Loses Competitiveness"

The decision to abolish the collection was communicated by the Empresa Administradora del Aeropuerto Internacional (EAAI) to the Asociación de Productores y Exportadores de Nicaragua (Association of Producers and Exporters of Nicaragua) on June 6.

Elnuevodiario.com.ni reports that the letter sent to the businessmen, signed by the commercial administrative manager of EAAI, Flavia Mendoza, explains that "... By this means, the application of the tariff for airport security inspection of the cargo, is suspended from the date. It is worth mentioning that although it had been reported that the charge for this fee would be applied from April 25, 2019, the same was not carried out (never charged)'.

The tariff that was abolished was created in the context of the implementation of the tax reform that was approved this year in the country, since in February the National Assembly approved a tax reform that increases from 1% to 3% the income tax of large taxpayers.

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More on this topic

Fisheries Sector Loses Competitiveness

May 2019

Because Nicaragua is charging an additional fee of $0.05 for each kilogram exported or imported by air, fresh fish exporters have increased their costs and become less competitive.

Last April 25, the International Airport Administration Companies (EAAI) of Nicaragua began to collect the new tax.

Tax Credits: Deadlines for Transfers Change

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With the approval of the tax reform, in Nicaragua the period for exporting companies to transfer the tax credit to the producer or manufacturer was reduced from three to two months.

At the end of February, the National Assembly approved the amendment to the Tax Concertation Law, which increases from 1% to 3% the income tax of large taxpayers and also shortens the deadline for exporters to transfer the tax credit to producers, which is 1.5% on the value of FOB exports.

Nicaragua: The Most Difficult Country To Export From

December 2013

While in Panama a company can send a container abroad in 10 days, in Nicaragua the process takes 21 days.

Of all the countries in the region Nicaragua is the place where exporting or importing goods takes the longest, significantly increasing the cost of these commercial operations, said the Doing Business report issued by the World Bank (WB).

Nicaragua: FTAs Provide for More Trade

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Exports have performed very well in recent years, partly thanks to 11 trade agreements, but they are far from reaching their full potential and production of many goods lacks added value.

Nicaragua should not only increase the volume of its exports, but it should also diversify its range.

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