British American Tobacco has announced that it will be investing $4.5 million in the construction of offices and a distribution center measuring 17 thousand square meters, which will start operating in June 2018.
The distribution center will have 17 thousand square meters of warehouse and 1,200 square meters of offices, and will be built in the upper and southern part of Managua, overlooking Lake Xolotlán.
The business climate, smuggling and taxes have forced the tobacco company to close its operation in the country.
In a letter sent on March 5, to their suppliers, British American Tobacco announced the closure of its operations in El Salvador. The increase in smuggling and lack of competitiveness in terms of cost are some of the reasons for its departure.
After a decision by the Constitutional Court, the tobacco company announced its willingness to dialogue.
The decision of the Constitutional Court in favor of an appeal by British American Tobacco, which alleged double taxation, will negatively impact tax revenues.
Sofia Oliva, manager of corporate affairs of the company, told Prensa Libre, "After being notified of the decision, we initiated contact with the government authorities to find long term solutions."
The Constitutional Court ruled in favor of an appeal by British American Tobacco, alleging double taxation.
The decision, by the highest court in Guatemala, repeals the second paragraph of Article 27 of the Tobacco Law which sets the basis for calculating the tax at no less than 46% of retail price.
The constitutional claim brought by the tobacco company noted that tax calculated on that basis, had "double taxation", since tobacco also pays value added tax.
BASS Americas, owned by British American Tobacco, will concentrate in Costa Rica the majority of its financial operations of the American continent.
It is located in the province of Heredia, and plans to expand its payroll to 200 employees. From there it manage the accounting and financial operations of all the countries of America, with the exception of U.S. and Brazil.
The Mexican matches factory entered the Panamanian market through an alliance with 2 local companies.
These are Café Durán (who uses the brand "El Gavilán") and Agencias Escoffery ("Candela"). These companies used to import matches from India, but now they acquire them from "La Central" in Mexico, reducing from 12 to 4 weeks delivery time, reported Salvador Luengas, company executive.
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