How Much More Can the Economy of El Salvador Take?Thursday, August 20, 2015 "In the second quarter of 2015 slow economic growth remain and public finances continue to deteriorate, increasing the risk of fiscal unsustainability". From a report by the Salvadoran Foundation for Development (Fusades) "Economic Situation in Q2 2015": Credit in U.S. Dollars Grows 17% in Costa RicaFriday, June 15, 2012 High interest rates in colones have encouraged a demand for credit in dollars, while local currency loans have grown by only 8.8%. From Aldesa’s Blog, Pulso Bursátil: Opposition to Reforms to Free Trade Zone LawWednesday, February 21, 2018 The ICEFI states that the proposed reforms to the Free Zones Law in Guatemala encourage a public investment model based on tax privileges for specific groups of companies. The Central American Institute of Fiscal Studies (Icefi) reiterates its arguments against continuing an obsolete and ineffective model of attracting public investment based on tax privileges for specific groups of companies and encourages the initiation of the discussion on a general investment law. For this reason, it does not recommend to the Congress of the Republic the approval of the reforms to the Law on Free Zones contained in the legal initiative with the registry number 5174. 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: El Salvador: Tax Free CitiesTuesday, June 24, 2014 The private sector has proposed creating development zones with specific tax laws and tax free status in order to encourage local and foreign investment. Following a concept created by economist Paul Romer and implemented in cities such as Hong Kong, and proposed in Honduras through the passage of a law last year, Salvadoran businessmen are proposing 29 law reforms in order to create development zones which have their own laws to enhance the competitiveness of companies located within them. Incentive to Import Electric CarsMonday, December 9, 2019 As of January 2020, electric vehicles imported into El Salvador and Honduras will be exempt from the import duty, which was 30% in El Salvador until now. The measure, which will be applied in both countries, was approved at the session of the Council of Ministers of Economic Integration (COMIECO), held in El Salvador on December 5 and 6. Incentives for Casco Antiguo Reactivated in PanamaMonday, June 25, 2012 The government, through the Ministry of Education, has presented a bill that would reactivate the tax incentives that have been suspended since August 2007. The proposal would not only revive the system of incentives, but also encourages owners to improve their properties, and implements enforcement mechanisms for those who desist from renovating buildings declared as cultural heritage. Guatemala: Free Port Law StuckMonday, August 17, 2009 Exporters consider the country is losing competitiveness against the rest of Central America. The decrees modifying Free Port and Maquilas Laws have been waiting in Congress for over 4 years. Costa Rica: Investigation Into Changes to Investment FundsMonday, October 21, 2013 An investigation is being carried out on the impact that changing the requirements for the composition of funds could have on tax revenues. From a press release by the Ombudsman of Costa Rica: E-Commerce: Tax Exemptions in Costa RicaTuesday, March 23, 2021 Once Cauca IV comes into force, Costa Rican consumers will be exempted from paying duties on Internet purchases made abroad by Costa Rican consumers that do not exceed $500. The fourth version of the Central American Uniform Customs Code (Cauca IV) will take effect as of May 1 and according to Costa Rican authorities, the exoneration of duties will only apply to family shipments. Panama: $200 Million to Digitize ProceduresFriday, December 6, 2019 The IDB will provide a $200 million loan to finance the digital transformation of processes with high demand, such as construction permits from the Municipality of Panama or commercial movements in the Colon Free Zone. The funds will also be used to encourage private investment, the protection of digital personal data and digital signatures. In addition, reforms will be included to promote follow-up to the National Industrial Competitiveness Program, the promotion of the National Quality System and the Regional Innovation Systems, informed the international organization. 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): Company Profile Organization that operates in Costa Rica and Panama.
Lottery to Combat Tax EvasionFriday, July 8, 2011 The Costa Rican Ministry of Finance will launches on August 1 “Puntos Solidarios “ (Solidarity Points), a fiscal lottery that aims to formalize the economy and help control the payment of taxes. From the press release: Costa Rica: Debt Placement Plan - II semesterThursday, July 21, 2016 In the remainder of the year the government plans to issue $1,115 million in the local market, and launch a new type of debt instrument to encourage investment in longer maturities. From a statement issued by the Ministry of Finance: |
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