Customs Procedures in Guatemala StreamlinedThursday, July 12, 2018 The tax authority has launched a new electronic platform, which lets exporters to register in only 24 hours. With this new method available through the Virtual Agency, wait times have been considerably reduced, since the inscription in the categories of habitual exporter, optional and special regime for the refund of tax credits had until now been carried out face-to-face and as a whole they took on average 67 days. Panama: $75 million for Customs ModernizationMonday, June 11, 2018 The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country's border posts. According to a decree published on June 5 in the Official Gazette, " ... the signing of the Loan Agreement ... between the Republic of Panama and the Inter-American Development Bank (IDB) has been authorized, up to the sum of seventy-five million dollars (US $75,000,000.00)." Customs Procedures SimplifiedFriday, June 1, 2018 One of the benefits of the legal reform approved by the Legislative Assembly of El Salvador is the maximum tolerance margin of 5% on parameters of quantity, volume, weight or value of the goods, applying the most favorable to the declarant. From a statement issued by the Legislature: Panama: $75 million for Customs ModernizationFriday, May 18, 2018 With a loan from the IDB, part of the investments in infrastructure and fiscal control equipment will be financed at the country's customs posts. From a statement issued by the Ministry of Economy and Finance: Tests Run on New Customs System in El SalvadorWednesday, January 17, 2018 The Customs authorities have started to implement a pilot plan to test the new computer system in the port of Acajutla. In response to repeated complaints about the slowness with which the current system works, the aim of the test is to ensure that the new system works properly, especially in terms of streamlining processes such as receipt of documents, reviews and dispatch of goods. El Salvador: Fines for Customs ViolationsMonday, September 11, 2017 The Legislature has approved a law reform that reduces to $300 fines for driving outside of established routes or non-compliance with the deadlines set for the customs transit regime. From a statement issued by the Legislative Assembly of El Salvador: Honduras: Customs Procedures ImprovedMonday, July 17, 2017 Changes implemented at customs posts have led to a reduction in the average time it takes to release containers, and tax collections in the first half of the year have increased by almost 30%. Adjustments made to the processes by the Presidential Commission for Comprehensive Reform of the Customs and Trade Operators System (Coprisao) have reduced the time it takes for a container to be released to less than two days, well below the 12 to 20 days that the process took before the changes. Customs Activities Suspended in Puerto QuetzalThursday, June 29, 2017 A court ruling has overturned the SAT resolutions authorizing Empresa Portuaria Quetzal y Terminal de Contenedores Quetzal to operate as temporary customs warehouses. Although the Superintendency of Tax Administration (SAT) has announced that it will be appealing the ruling given by the Second Administrative Appeals Chamber, the reality is that since June 28, the activities of the customs warehouses in Empresa Portuaria Quetzal (EPQ) have been suspended as well as those at the Terminal de Contenedores Quetzal (TCQ). "...The resolution orders that the SAT no longer has the customs service under its administration, which contravenes the Central American Customs Code CAUCA, therefore the Superintendency will file an appeal against the decision made by the Court." Honduras: $31 Million to Modernize CustomsFriday, June 23, 2017 The resources are part of the budget allocated for the reform of the customs system, and will be used to improve infrastructure at customs offices and to buy equipment. The $31 million is the first disbursement made by the government to the Presidential Commission for Comprehensive Reform of the System of Customs Offices and Trade Operators (Coprisao), which will implement the plan to improve the conditions under which customs operate. El Salvador: Will Customs Procedures be Expedited Now?Monday, April 17, 2017 The business sector has applauded the approval of a reform to the Customs Simplification Law, which is expected to achieve the much needed speed in foreign trade procedures. From a statement issued by the Inter-Trade Commission for Trade Facilitation (CIFACIL): Honduras and Guatemala Integrate Custom OfficesMonday, December 5, 2016 As part of the implementation of the Customs Union, Corinto was designated as a new integrated custom office, and operations will begin in the first quarter of 2017. The resolution signed yesterday by officials of the two nations to enable the passage through Corinth in Entre Ríos, Izabal, heralds the start of a new route with greater opportunities for bilateral trade. Panama: Unification of Customs RulesMonday, October 24, 2016 The decree that integrates into a single document all national regulations and the Uniform Central American Customs Code has come into force. The current customs legislation has been unified into a single document and changes made to processes in order to establish deposits of made to order merchandise and tax refunds, among other things. Panama: Central American Customs Union In 6 monthsMonday, April 25, 2016 The current customs legislation has been unified into a single document and changes will be implemented in processes to establish deposits made to order merchandise and refunding taxes, among other things. Approval of the decree that integrates into a single document all national regulations and the Central American Uniform Customs Code (Cauca) is one of the steps that was needed for full integration of Panama into the Central American Customs Union. It is expected that accession to the bloc will occur within six months. Blockades at Puerto Santo TomasFriday, March 11, 2016 In protest against the slow pace with which procedures are processed at customs offices, a group of customs managers and truck drivers have blocked off the entrance to the terminal facilities. Soy502.com reports that on Friday afternoon "... a group of about 350 people blocked access to facilities of the Port of Santo Tomas de Castilla." The blockades started on Wednesday, March 9, causing delays and discomfort for exporters and importers. Panama: Customs Regulations Under ConsultationTuesday, October 27, 2015 The document details standards and mechanisms for the cargo manifest, entry and exit of goods, transshipment regime, physical custody of goods and tariff exemptions. From a statement issued from the Ministry of Economy and Finance: |
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