The Executive Directorate of Revenue has announced that as part of the changes in the audit and tax collection it will oversee the transfer prices of companies headquartered abroad.
In addition to the implementation of electronic billing and other changes that aim to improve the supervision of tax collections, the Executive Directorate of Revenue (DEI) has announced that foreign companies or Honduran companies whose headquarters are outside of the country must report in detail their transfer prices.
"... Some of the professions reserved for national citizens are chemical engineering and petrochemicals, careers which are not offered by any university in Panama. "
EDITORIAL
Acting as a backdrop to the contradiction between migrant's human right to work and the need to reserve jobs for nationals, is the upkeep of competitiveness and economic development of each country.
A bill introduced by the government intends to streamline access to the Panamanian market for foreign companies in the provision of maritime auxiliary services.
Excerpted from the bill introduced by the government of Panama:
Law 41 of June 14, 2013, through which reform is made to Law No. 8 of 1998 is amended by Decree, Act 56 of 2008 and Act 57 of 2008 which dictates other provisions on the work at sea and on waterways, significantly restricting access to the Panamanian market to foreign investors in the provision of maritime auxiliary services in the Republic of Panama.
In Honduras there are plans to develop free zones to attract companies from El Salvador who have shown their fears about the business climate in the country.
Several Salvadoran companies have shown fear over the FMLN party winning the presidential election for the second time. Aware of the concerns of Salvadorans regarding the business climate in the Central American nation, Hondurans are working on attracting those companies.
Considering the advantages offered by the Trade Promotion Agreement, U.S. retail chains are evaluating the possibility of setting up operations in the canal country.
Among the factors attracting the attention of these companies are the presence a large number of American and Canadian retirees in the country, economic growth and the benefits of the Trade Promotion Agreement (TPA) in force with the United States (U.S. ).
Europe wants a more ambitious agreement with Latin America to ensure the protection of investments in the region.
"The European Union would like to have "more ambitious" protection of foreign investment in Latin America as expressed in the last summit meeting with the Community of Latin American and Caribbean States (CELAC), said the EU representative in Uruguay, the Spaniard Juan Fernández Trigo ", noted an article in Economía.elpaís.com.
The increasing international mobility of "business travelers" does not have adequate regulation in terms of taxes or migration.
From Deloitte Costa Rica’s Tax Column:
Considerations for business travelers
By: Mr. Diego Padilla Duran
Junior consultant
From 2013, the Directorate General of Immigration will be taking measures for a more efficient implementation of the sanctions provided for in Article 33 of the General Law of Immigration, Law No. 8764. According to these rules, the sum of one hundred dollars in U.S. currency ($ 100) will be charged for each month of illegal stay in the country to people who do not meet the requirements of the law in this area.
National pharmaceutical companies will not be able to provide medicines to the government, which owes them more than $30 million for previous purchases.
Laprensa.hn reports that "The authorities of the Ministry of Health announced yesterday that the upcoming auction of medication may be awarded to international companies."
"The government owes about 600 million lempiras to national pharmacists, who have repeatedly said they will not participate in the tender for 2013, as they have no production capacity. The problem is that medicine businesses have undercapitalized their industries by granting multi million dollar loans to the State due to the lack of financial liquidity that for years has characterized government administrations. "
A bill introduced by the Ministry of Finance has increased from 10% to 25% taxes paid by natural or legal persons who are not resident in the country.
According to an article in Elheraldo.hn "In order to raise about 100 million lempiras [$5 million], the authorities of the Ministry of Finance presented to the plenary of the National Congress a bill to increase from 10 to 25 percent several tributes levied on natural or legal persons not resident in Honduras. "
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...