Nicaragua: Streamlined Procedures for ExemptionsMonday, June 13, 2011 The idea is to make it faster for farmers to perform the procedures required for tax exemptions. At a time when high prices of raw materials worldwide would benefit producing countries such as Nicaragua, farmers are wasting hours of their time doing paperwork instead of being in their fields harvesting. Nicaragua announces tax reformTuesday, August 26, 2008 The Government did not provide details on how it plans to modify the tax collection system, but made the commitment to the IMF that it will increase revenue from tax collection. Tax law expert, Julio Francisco Báez, said that the reform will not only seek to increase collection, but to stimulate investment and eliminate anti-exporter biases. Bayardo Arce, Presidential Economic Advisor, spoke of removing tax exemptions from various sectors as they are considered to be "excessive." Nicaragua: Leasing Law UrgedThursday, August 21, 2014 The agricultural sector is demanding a law that grants tax benefits and allows the use of leasing of machinery and equipment to improve competitiveness. Instead of buying equipment and financing it with a bank, the agriculture sector is calling for a law to be approved to regulate and encourage the use of leasing, as a way to improve productivity by renting equipment and not borrowing to acquire it. Electricity: Marketing Tax Would be EliminatedThursday, November 28, 2019 The reform proposal to Nicaragua's Energy Stability Law contemplates the elimination of the tax on the purchase and sale of electricity for users who generate their own energy and decide to market their surpluses. On November 21, the Ortega administration sent to the National Assembly the initiative, which seeks to exonerate from the marketing tax, generators who sell their surplus electricity to Disnorte-Dissur. Guide to Business in NicaraguaThursday, November 8, 2012 General information for investors has been released, in bilingual format, detailing competitive advantages, investment opportunities in strategic sectors, legal and investment incentives. Contents of the Guide Doing Business in Nicaragua 2012-2013: Central America: Fiscal Outlook - April 2016Tuesday, April 19, 2016 From 2014 to 2015 the size of central governments remained constant at an average 18.5% of gross domestic product (GDP). From the introduction of the report: "Macrofiscal Profiles: 6th Edition" by the Central American Institute for Fiscal Studies (Icefi): Nicaragua: Aims to Modernize Stock MarketWednesday, October 12, 2011 Tax incentives need to be created in order for the private sector to become more involved in the stock market. This is the opinion of some market participants, such as the Invercasa brokerage firm, who believe that the law governing the securities market is robust, but needs to be reformed in order to encourage private participation. Nicaragua's Debt Rating DowngradedWednesday, July 25, 2018 S & P has downgraded the debt rating from B + to B, arguing that the escalation of the internal conflict has weakened governance, and the rating could be reduced again in the next 12 months if the violence continues to rise. From a press release by Standard & Poor´s: Special Tax Deal for Rice and Milk DrinksTuesday, January 31, 2012 With an amendment to the Fiscal Equity Act, the government of Nicaragua has eliminated the tax on milk-based drinks, and limited to 2% tax on rice. The draft amendment to the Fiscal Equity Law, said the executive, aims to prevent a price rise of milk-based drinks and basic rice in this country and stimulate production. New Models for Free ZonesMonday, October 24, 2011 The XV Latin American Conference on Free Zones will discuss the challenges and opportunities they face, especially from 2015 when the WTO requires the elimination of export tax incentives. The "XV Latin American Conference on Free Zones" will take place from 26th to 28th October this year at the Hotel Casa Santo Domingo, Antigua Guatemala, Guatemala. Free Trade Agreements and World IncomeTuesday, May 20, 2014 The asymmetry of investment flows makes the application of the concept of world income inevitably generates more revenue to the states of powerful economies than those of small ones. In his opinion piece in Elfinancierocr.com, Manrique Blen points to the difficulties that countries with small economies face when they sign double taxation treaties, as, depending on the characteristics of the signed agreements, they can stop receiving tax revenues that they could have received had they not joined the treaty. Fiscal Efficiency is Good For EveryoneMonday, July 3, 2017 The good functioning of the institution in charge of collecting taxes is vital for ensuring economic development, as it means that honest companies who comply with their fiscal obligations are not at a disadvantage to those who don't. EDITORIAL Nicaragua: Tax Reform Targets $46 Additional MillionTuesday, December 1, 2009 The Executive presented the tax reform bill to the Assembly, which aims to collect $46 million more, or 0.7% of the GDP. 42% of the projected collection depends on the Minimum Payment Tax (IPM in Spanish). Plans for Fiscal Reform in NicaraguaWednesday, April 11, 2018 The Government and the private sector have started negotiations to create a proposal for fiscal reform, which could include, among other things, changes aimed at achieving the financial sustainability of the Social Security scheme. Without revealing details of the first sessions, the Higher Council of Private Enterprise (Cosep) reported that the reform negotiated with the authorities is focused on preventing insolvency of the Nicaraguan Social Security Institute and guaranteeing the country's economic growth. Too Many Tax Breaks in Central America?Monday, June 24, 2013 The Tax Justice Network of Central America is proposing the elimination or reduction of these incentives, which are equivalent to 4%-6% of the region's GDP. According to the director of the Social Forum on External Debt and Development of Honduras (Fosdeh), Maurice Bourdet, a member of the Tax Justice Network of Central America (RCJF), governments in the region "are thinking about how to carry on being tax havens, which does nothing to help reduce inequalities. " |
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