Tax Credit for Exports in Nicaragua

The enactment of the tax reform offers exporters a grace period to enjoy a preferential amount on the payment of taxes.

Tuesday, February 12, 2013 reports that "the Law called ‘Concertación Tributaria’ (LCT), which took effect on January 1st, brings a number of benefits to the country's export sector, but also a number of obligations. It gives a grace period to enjoy a preferential amount for the payment of taxes, both for new exporters and entrepreneurs who already have trade links with other countries. "

Samantha Aguilar, part of the legal team at the Consortium Legal Taboada y Asociados notes that the LCT "states that the country's exporters will benefit from a tax surcharge of 1.5 percent, which will be calculated on the FOB (Free On Board) of exports, which is made applicable to the payment of income tax (IR) ".

This percentage (1.5) will be valid for six years, reduced to one percent from the seventh year, in the eighth year will be lowered to 0.5 percent and as the exporter reaches the ninth year the exemption reaches zero.

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Tariff Preferences for Textiles At Risk

April 2013

The preferential system which allows Nicaraguan textiles made with raw materials from countries outside of the DR-CAFTA to enter the U.S. without tariffs will expire at the end of 2014.

"... By the end of next year the nine-year grace period given by the United States to Nicaragua will expire, a benefit known as tariff preference level (TPL) which allows the country to export clothing made from yarn and fabrics from third countries for a maximum annual volume of one hundred million square meters." noted an article in

Tax Benefits for Tourism SMEs in Nicaragua

April 2013

The reduction to $25,000 on the minimum amount of investment required to enjoy tax exemptions opens up opportunities in a rising tourism sector.

Previously, small and medium enterprises in Nicaragua had to invest a minimum of $50,000 in order to qualify for tax benefits, but from this year the minimum investment has been lowered to $25,000.

Nicaragua: Good Forecast for Exports

December 2012

The export sector in 2013 estimated sales of $ 3 billion, a growth of 10 to 12% compared to 2012.

According to Azucena Castillo, general manager of the Association of Producers and Exporters of Nicaragua (APEN), growth will be driven by an increase in export volumes, since on the subject of prices, there are threats to commodities such as coffee and sugar.

Steady Fall in Costa Rican Agricultural Exports

April 2011

A lack of incentives, slow modernization and increased worldwide competition have weakened the country's agro-export sector.

Proof of this is in export figures for melon, flowers, ornamental plants, animal feed and chayote squash, which have fallen to levels last seen five years ago.

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