The Legislative Assembly approved in second debate a bill that aims to tax in the country the sale and self-consumption of imported or locally produced cement.
The initiative, which was approved in the first debate in the Assembly in mid-February and is still pending approval by the Executive Branch, establishes that the tax will be on imported cement produced nationally, in bags or in bulk, for sale or self-consumption, of any kind, whose destination is the consumption and marketing of the product nationally.
The Assembly approved in first debate a bill that seeks to tax the sale and self-consumption of cement that is imported or locally produced.
The initiative establishes that the tax will be on cement imported and produced nationally, in bags or in bulk, for sale or self-consumption, of any kind, whose destination is the consumption and marketing of the product at the national level, reported the Legislative Assembly.
During the first quarter of 2019, Central American companies imported hydraulic cement for $47 million, and purchases from companies in Vietnam increased 155% over the same period in 2018.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
During the first nine months of 2018, Central American companies imported hydraulic cement for $110 million, and purchases from Mexico doubled compared to the same period in 2017.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
During the first six months of 2018, Central American companies imported hydraulic cement for $77 million, and purchases from China increased 42% over the same period in 2017.
Figures from the information system on the the Hydraulic Cement Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In the first three months of 2018, countries in Central America imported $36 million worth of hydraulic cement, 9% more than was purchased in the same period in 2017.
Figures from the Information System on the Hydraulic Cement Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In the first nine months of 2017, countries in the region imported $110 million worth of hydraulic cement, 38% more than was purchased in the same period in 2016.
Figures from the information system on the Hydraulic Cement Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with the graph"]
A bill that is being discussed in the Legislative Assembly proposes establishing a tax of 5% on the net sale price of imported or locally produced cement.
The bill establishes that "...the tax on cement produced within the national territory or imported, will be of five percent (5%) on the net sale price, both in the case of the national producer at the level of the production plantand for the importer at the level of the dispatch or storage site, excluding the corresponding sales or value-added tax, as well as any other tax".
The cement production plant that Plycem is to build on a 50,000 square meter site in Esparza, Puntarenas, will start operations in the first quarter of 2018.
The cement that will be manufactured at the plant will be of the Cementos Fortaleza brand, and part of its production will be sold locally.
In the last year, 56 environmental impact studies were presented for the construction of industrial plants in Central American countries.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects for which environmental impact studies (EIA) were submitted to the respective institutions in each country.
In the coming weeks, a new cement production plant owned by the Mexican company Cementos Fortaleza will start operating in Costa Rica.
The arrival of Cementos Fortaleza into the Costa Rican market will be managed by the company Plycem, which, like Cementos Fortaleza, is part of the Elementia group owned by businessman Carlos Slim.The cement-producing plant will be located in Barranca de Puntarenas, according to confirmation given to Nacion.com by Olman Vargas, executive director of the Federated College of Engineers and Architects (CFIA).
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