Bit4ID Ibérica, SL. is the consulting company which signed the contracts to carry out the works of support to the authorities, in the process to implement the electronic signature in the country.
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.
In the midst of Nicaragua's political and economic crisis, the National Assembly approved a tax reform that increases the income tax of large taxpayers from 1% to 3%.
On the morning of February 27th, the reform of the Tax Concentration Law was approved, which also contemplates raising from 1% to 2% the income tax for medium sized companies with higher incomes.
Lack of Internet access in some areas of Costa Rica is hindering use of the electronic receipt issuance system, which in November must be implemented by all companies.
In March the Ministry of Finance reported that between September and November of this year all companies in the country had to start using the compulsory electronic billing system.
In order to facilitate the formalization of more companies, in Costa Rica the private sector has proposed to the government the implementation of a fiscal amnesty exclusively for the informal sector.
The Costa Rican Union of Chambers and Associations of Private Enterprise (Uccaep), proposes that the tax amnesty be carried out avoiding retroactivity and reprisals, and that it has a short period of duration.
On average, companies in the region pay 45.8% tax on profits, while companies in OECD countries pay 41%.
From the study Evolution of the fiscal situation in Central America, by the Federation of Chambers of Commerce of the Central American Isthmus (FECAMCO):
FECAMCO has carried out a study with the objective of showing the fiscal situation in Central American countries and raising awareness in governments about the efficient use of taxes that are collected from the payment of citizens to guarantee solvency of the states.
According to the Ministry of Economy there are already ten public entities and one company interested in providing the service, which could be available in the first months of 2018.
Although it remains to be decided which company or public institutions will provide the service, the Ministry of Economy explained that the system could be ready to be used later this year or early next year.
From September 1 to December 1, is the timeframe for companies to make use of an amnesty to regularize the payment of corporation tax.
Corporations that are behind in payments of the tax from the periods of 2012 to 2015 can apply for the amnesty and pay only the principal of the debt.
The Registry Office of Legal Entities of the National Registry confirmed to Nacion.com that"... the benefit will be maintained for a period of three months, i.e. the deadline is December 1, as defined by the Tax Law on Legal Entities. "
Approval has been given to the law which levies an annual tax on legal persons of between $119 and $394, depending on whether or not the company is active and the income generated.
Companies must re-pay the tax in July, as the government has announced plans to publish the law this month.Once published, the law would enter into force three months later.
The Constitutional Chamber has granted approval for the Assembly to adopt, in full, the bill proposing a tax on legal persons which was approved in a first debate in January this year.
The judges of the Constitutional Court found no flaws in the text of the law, giving endorsement to the Legislative Assembly so that it can approve it on a second reading and pass it into law.
A resolution by the tax authorities establishes that withholding of sales tax will from now on be done by the card issuer, and not the trader.
The business sector has stated that this was not what was decided together with President Hernandez when the scope and characteristics of the new Tax Code were defined and is asking for the resolution by the SAR to be declared invalid and for retention to once again be made by traders.
From February 1 until July 31 private companies that recognize contributions owed to the Social Security Institute will be exonerated from the 100% penalty charges.
From a statement issued by the Guatemalan Institute of Social Security:
The law passed in first debate establishes an annual tax of between $119 and $394, depending on whether the company is active or not and the amount of income generated.
The bill was approved this morning in the first debate, and resources that are collected will be used, only this once, for hiring police officers.
In January 2017 a rule will come into effect which allows the lifting of bank secrecy by court order at the request of the Tax Administration.
Decree 37-2016 Law to strengthen fiscal transparency and governance for the SAT was published today in Diario de Centroamerica, along with the dates for when each of the amendments adopted in the reform becomes effective.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...