Reversal in Air Freight CollectionIn 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. Source: elnuevodiario.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Fisheries Sector Loses CompetitivenessMay 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. Tax Credits: Deadlines for Transfers ChangeApril 2019 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. Nicaragua: The Most Difficult Country To Export FromDecember 2013 While in Panama a company can send a container abroad in 10 days, in Nicaragua the process takes 21 days. Nicaragua: FTAs Provide for More TradeApril 2012 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.
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