Until April 26 will be in public consultation the regulations of the Income Tax Law in Costa Rica.
From the Ministry of Finance statement:
April 12, 2019. As was done with the first proposal of the regulation to the Law of Value Added Tax (VAT), the Ministry of Finance made available on its website, the first draft of the project "Modifications and Additions to the Income Tax Law Regulation", which regulates Title II of the Law to Strengthen Finance, No. 9635, of December 3, 2018.
Limiting the debt of an issuer and an obligation to rate emissions are two of the requirements proposed by the regulator which have not been well received by the Panamanian securities market.
The proposal by the Superintendency of the Securities Market was subject to public consultation, and now "... these comments must be analyzed and classified, and in the upcoming board meetings they will be evaluated in an objective way," said the head of the institution, Marelissa Quintero.
If the Sutel's proposal is approved, on December Costa Rica will eliminate the tariff regulation for the international telephone, internet and postpaid cellular telephony markets.
From a statement issued by the Superintendency of Telecommunications (Sutel):
The Superintendency of Telecommunications (Sutel), has started a process of public consultation of the technical analysis of the telecommunications markets.
The new regulation under public consultation states that all issues of securities registered with the Superintendency of Securities Market must have a risk rating.
The aim of the new regulations proposed by the Superintendency of Securities (SMV) is to provide more information on the emissions market for investors, so that they can"...
Transfer pricing and double taxation are two of the topics covered in three bills to reform regulations which the Ministry of Finance has put to public consultation.
One of the proposals is the bill on "Informational declaration of transfer pricing".Crhoy.com explains that"...This empowers the tax authorities to check that transactions between related parties are valued at prices similar to those that would be agreed between independent parties in comparable transactions. "
The Public Services Authority has announced a public consultation to regulate the relationship between the 'large clients' and third parties related to electricity services.
From a statement issued by the National Authority for Public Services in Panama:
The National Authority for Public Services (ASEP) announced that on Tuesday April 12 that they will start Public Consultation No.
Public consultation is being carried out on the methodology for calculating tariffs for power generation from solid waste.
The drop in oil prices and high operating costs are not the only obstacles to projects generating energy from waste in Costa Rica. Now the Regulatory Authority of Public Services is calling for a public hearing in order to "start writing" a methodology, ordinary and extraordinary, that will determine the reference rates for power plants using municipal solid waste.
A proposal has been made to extend the concept of real estate development funds to cover public and private projects for all types of infrastructure.
If the reform to the General Regulations on Management Companies and Investment Funds is approved, any investment project, from building houses to hydroelectric stations, will be able to be financed and developed through a special investment fund, that fund which would be called the Fund for Investment Infrastructure Projects.
On January 12 public consultation will begin on the regulation which includes a new methodology for setting the rate for access to the network for self supplying producer-users , under a scheme using simple net metering.
From a statement issued by the Public Services Regulatory Authority (Aresep):
On Tuesday 12 January the proposed new rules for distributed generation for self consumption approved by the Board of ARESEP will be submitted to public hearing.
The regulations under consultation include new methodology for setting the rate of the user-self producer accessing the distribution network, under the scheme of simple net metering.
From a statement issued by the Public Services Regulatory Authority (Aresep):
• Proposal creates conditions for the use of renewable energy for consumption.
• Before proposal, dialogue with public and private actors was promoted
Up until March 6 public consultation will be held on the proposed modification of trade rules for the wholesale electricity market in Panama.
From the order given by the National Authority for Public Services in Panama (ASEP):
It is resolved:
"... FIRST: APPROVE holding public consultation No.002-15 to consider the proposed amendment to the Commercial Rules for the Wholesale Electricity Market Panama, approved by Resolution JD-605, as amended, the full text of which is in ANNEX A to this Resolution. "
The industrial sector in Costa Rica is opposed to the changes being made to storage characteristics and the packaging of bags of cement.
The Chamber of Industries of Costa Rica argues that "... removing the maximum weight of 50 kg per sack of cement stipulated in this regulation would be detrimental to the occupational health of workers."
Regarding the change in required storage conditions, the union requested from the Ministry of Economy, Trade and Industry, which provided the rules on public consultation, which remains in force "... a period of 45 days for product storage, because after that time cement loses up to 10% of its resistance. "
The proposed changes aim to flexibilize sales of bulk cement and include on the packaging a use by date and recommended storage conditions.
In order to improve cement sales in the country, the Ministry of Economy, Trade and Industry has put to public consultation modifications to the technical regulation RTCR 383: 2004 on Hydraulic Cements, aimed at changing the rules on labeling and packaging of the product, among other things.
The Central Bank of Costa Rica has submitted a query regarding the possibility of eliminating the restriction on financial institutions of varying its assets in dollars per day by up to 4% .
The Chamber of Banks looks favorably on the initiative to abolish the current limit of 4% so that more currencies can be bought and sold daily.
The Central Bank "justified in the consultation paper that the move is in line with exchange rate flexibility, to allow intermediaries to increase participation in the determination of the exchange rate, managing risk better and providing liquidity."
Guatemalan Entrepreneurs are asking for the consultations with communities about the environmental impact of mining and infrastructure projects to be regulated.
The Guatemalan Chamber of Industry (CIG) and the Union of Extractive Companies (GEE) has proposed the creation of a regulation governing community consultations, believing that these should be one more indicator in the approval process, and should not be binding in nature.