Memorandum on minimum wages and payment schedule for tax liabilities for December 2016.
From a Memorandum sent by Tezó and Associates:
On 30 December 2016 the Ministry of Labour and Social Welfare published in the newspaper Diario de Centro América Governmental Agreement No. 288-2016, through which the new minimum wages are established for agricultural activities, non-agricultural activities, exports and maquilas, with effect from 1 January 2017.
Memorandum on the new minimum wage and the payment schedule of liabilities for December 2015.
From a Memorandum sent by Tezó and Associates:
On December 30, 2015 the Ministry of Labour and Social Security published in the Journal of Central America Government Agreement No. 303-2015, by which the new minimum wages for agricultural activities are set, and those for non-agricultural activities, maquilas and exports which are regulated by Decree No.
A tax memorandum has been released by Tezó and Associates containing information on Minimum Wages and the payment schedule for obligations for December 2012.
Tax Memorandum
Issue 1 to 13 January 2013
Minimum Wages
On 28 December 2012 the Ministry of Labour and Social Welfare published in the Diario de Centro América Government Agreement No. 359-2012, whereby the new minimum wages are established for agricultural, non-agricultural activities and maquila export and regulated by Decree No. 29-89, effective from January 1, 2013.
Items to be taken into account to carry out an annual transaction study between related companies.
Currently, several countries have existing legislation on transfer prices. The legislation regulates the elements that should be available to carry out an annual survey of transactions between related companies, as well as indicators serving as basis for determining if transfer pricing between related parties are within legal parameters.
Detail on the ruling by the Constitutional Court regarding the deductibility of contributions to pension funds, and the February 2011 Tax Calendar.
On January 24, 2011, it was published in the Diario de Centro America, the ruling of the Constitutional Court regarding the unconstitutionality of the provision issued by the Superintendent of Tax Administration, Rudy Baldemar Villeda Vanegas, of not accepting the contributions made by customers of the Pension Fund for Retirement as a deduction in the process of determining the income tax in the year 2010.
Minimum Wage 2011 and maturity dates in January 2011 for tax liability of December 2010.
MINIMUM WAGE
In a publication made on December 30, 2010, in the Official Newspaper, the Government Agreement No. 388-2010 of the Ministry of Labour and Social Welfare, establishes the new minimum wages for agricultural activities, and for non-farming export activities ruled by Decree No. 29-89, effective January 1st, 2011.