Companies are being prevented from choosing where to buy the electricity they consume, and forced to get it from the distributor TSK- Melfosur.
With the change in the regulations imposed by the government, companies will have to assume increased electricity costs as they are prevented from choosing and buying power directly from generators.
"The consequence could be an increase of up to 30% on electricity bills for free zone companies", according to estimates provided by José Adán Aguerri, President of the Superior Council of Private Enterprise (Cosep).
Current law prevents the family businesses -most companies in the country- from making training expenses of their family member employees tax-deductible.
Members of family businesses can not take advantage of tax benefits for college expenses, postgraduate or masters degrees if they take these courses or their relatives do, even if they are an employee of the firm.
The process of fixing prices, the tax structure and lack of investment in distribution are hindering the development of a market with great potential.
From a report by the Department of Agriculture of the United States:
Guatemala is the strongest potential biofuels producer in Central America given the high yields of sugarcane and palm oil and its efficient local industries.
Establishes a tax of $1 per quintal while the price is below $140, going up to $4 per quintal if prices exceed $185.
The recently passed law for the Transformation and Development of Coffee Plantations states that the proceeds from this tax will be used to create a fund for the development of domestic production.
If the price is less than $140 per quintal, the contribution will be $1, and if it is in the range of $140 to $165 it will be $2, if it is between $165 and $185 it will be $3, and if it is more than $185 it will be $4.
A bill intends to impose a tax in dollars on advertising of commercial enterprises in public spaces.
"According to the bill, natural or legal persons must have an installation or renovation permit from City Hall. Once obtained, they will have thirty days to place the sign, otherwise they will need to reapply." reported Laprensa.com.ni.
It also proposes that mobile advertising on garbage cans, stops and benches, will incur taxes.
Without contradicting the provisions of law which state that tipping must be voluntary, the regulation approves phrases which suggest the possibility of the amount which can be paid and including it in the bill.
This is how it is described in the regulation of the Law on protection of the rights of consumers and users, published last week in the newspaper La Gaceta.
The changes include a prohibiting financial institutions from penalizing early repayment of loans.
According to an expert in consumer law, Jorge Eduardo Rooseess, this law is important because it "regulates all kinds of consumer relations with citizens, and because it appears that there is a willingness to provide the necessary force to an institution for it to defend consumer rights. "
The government has committed to remove the fee of 0.26% on the value of goods for inspecting cargo via scanner.
"What is (now) our responsibility is to finish reviewing what will happen with the mechanism, what the cost will be, which we are defining. We are seeing what will happen to exports, imports from free zones, what will happen with international traffic, but what is noteworthy is that what has been agreed is an elimination of the ad valorem (tax)," said President of the Superior Council of Private Enterprise (Cosep), Joseph Adam Aguerri.
From October 11th tipping in restaurants and other service establishments will be voluntary and will not be included in the calculation of the bill.
This was explained Orlando Solorzano, Minister of Development, Industry and Trade (Mific). "On that date, the Law on Protection of the Rights of Consumers and Users comes into force, which contains an article which prohibits service providers from including the gratuity in the price and in the calculation of the bill, or any allusion to the same," reported Elnuevodiario.com.ni.
They request a law that promotes public-private investment and to migrate the energy matrix towards cleaner and cheaper sources.
Both issues were requested by representatives of the Superior Council of Private Enterprise (Cosep) during a meeting with the mission of the International Monetary Fund (IMF). "We are not only interested in the topic of changing the (generation) matrix, but also in the importance of producing energy which is cheaper and more competitive," said Cosep's president, José Adán Aguerri.
The measures taken by the U.S. Treasury to pursue American tax evaders affect about 150,000 bank customers in the country.
In late April 2014, financial institutions must adhere to U.S. Treasury Department because in June the names of entities who have signed up to the requirements of FATCA will be published, and inclusion in that list will be a requirement for external funding sourced by that country.
A bill aims to have solar energy producers charge the difference between what they supply to and what they consume from the power grid.
The initiative could reach Nicaraguan Congress before the end of 2013. "We are working on the law for everyone who wants to produce and consume their own electricity, so that they can pay only the difference between what they use, in relation to what they deliver to the network (with solar panels)," said the president of the company Tecnosol, Vladimir Delagneau.
The countries in the region are working on the development of a standard to regulate anti-competitive practices by regional companies.
The first draft of the new regulations was presented at the VII Central American Competition Forum.
"There are markets where competition problems cross borders and affect more than one country, we are working on a competition law and on the creation of an authority which has the power to implement it in Central America," said Francisco Diaz Rodriguez, Superintendent of Competition in El Salvador.
The business community believes that tips in restaurants and hotels should be voluntary and not included on bills.
The president of the Superior Council of Private Enterprise (Cosep), Joseph Adam Aguerri and Eduardo Fonseca, executive director of the Chamber of Commerce of Nicaragua (Caconic) agree on the matter. Statements by both officials were made after Mayra Salinas, chief executive of the Nicaraguan Institute of Tourism (Intur) informed them that they will review the obligatory collection made by some establishments.
The Scanner Act in Nicaragua goes against the regulations of the World Trade Organization and the Association Agreement with the European Union.
This was stated by the head of the EU delegation to the region, Javier Sandomingo. "The problem with the proposed payment outlined in the new Scanner Act is that it is to be applied ad valorem (related to the value) while the service provided by customs offices will be the same regardless of the value of the goods," he said.