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.
In Nicaragua, the government plans to increase employer, labor, and state Social Security contributions, and to approve a tax reform that would increase taxes for medium and large companies.
Although the country has been in a serious economic and political crisis since April 2018, when the government tried to implement reforms to the Nicaraguan Institute of Social Security (INSS), the Ortega administration is once again trying to make changes to the institution, this time through an administrative resolution.
A bill aims to tax properties of any value that either do or do not have constructions on them, and which do not have a specific use anywhere in the country, declaring them "luxury goods".
The proposed law states that "... property for recreation, leisure or rest, with or without construction or under construction, regardless of its value or location , such as houses, lots, plots, villas located in beaches, lakes, mountains or the city ... "will be taxed at 1% on the assessed value established for the property.
The National Assembly has approved on its third reading an agreement with the State of Israel, to avoid double taxation and prevent fiscal evasion with respect to taxes on income.
A statement from the National Assembly of Panama reads:
Guild members of the Chamber of Industries are in favor of requesting a revision to the current tax reform which came into effect on January first.
The chamber’s president, Andres Castillo said that "some union members" have identified several deficiencies in the tax reform approved by Decree 10-2012, Tax Law Update. "Most of all there is a lack of information and lack of criteria for how authorities will be enforcing this law."
The Superintendency of Tax Administration of Guatemala has launched the web portal "Declaraguate" which allows the declaration and payment of taxes online.
Initially the system is enabled for the payment of Value Added Tax, and it is expected to include the declaration and payment of income tax (ISR) in the first quarter of 2012.
"Taxpayers can fill out your forms and correct them from the site www.declaraguate.gt and can make online payments through Banco Industrial and Banco de Desarrollo Rural (Banrural) or pay physically at Bancasat. You do not need a password to enter and print the SAT-2000 form in order to make the payment", explained Elperiodico.com.gt
And apparently for bureaucracies in general, including those of international organizations; an "expert" from the Inter-American Development Bank is supporting tax reform in Costa Rica.
Although officially the IDB "does not advocate a tax burden or specific tax policy," one of its officials warmly supports the project to increase the tax burden to support the Costa Rican economy, to the point of suggesting that the tax burden be similar to Argentina’s.
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