españolHeavy Transport: New Deadline for Speed ControlTuesday, November 12, 2019 In Guatemala, the entry into force of the speed measurement and control device, which must be installed in vehicles of 3.5 tons and 12 passengers or more, was extended for another year. The regulations in Governmental Agreement 38-2019, published in April of this year, established that as of November 14 heavy transport units must carry a device that will have the function of measuring the speed at which vehicles travel, which must not exceed 80 kilometers per hour. Legislative Endorsement for Anti-Money Laundering LawThursday, December 5, 2019 The National Assembly of Panama approved in third debate the bill that creates the Superintendence of Non-Financial Subjects, and now the proposal only awaits the approval of the Executive. The bill, which was sent by the Executive Branch to be analyzed in extraordinary sessions and which seeks to establish the exclusive competence to regulate and supervise non-financial regulated entities administratively with the aim of preventing money laundering, the financing of terrorism and the proliferation of weapons of mass destruction, has already passed the procedure in the National Assembly. Credit Card Law: Progress on New ProposalWednesday, December 4, 2019 Last December 2, the new Credit Card Law proposal received a favorable opinion from the Economy Commission of the Guatemalan Congress, and now it should be discussed in the plenary session. This is the second attempt made in the country to regulate the credit card market, since on March 8, 2016 a law came into force, which was suspended weeks later, because the business chambers, card issuers and the Bank of Guatemala filed legal appeals before the Constitutional Court (CC). At the beginning of 2019 the law was definitively declared unconstitutional by the CC. VAT Refund: Changes in RegulationsWednesday, November 13, 2019 The changes that had been made to the Regulation of the Value Added Tax Law in Guatemala came into effect. This is Governmental Agreement 222-2019 modifying the Regulation of the Value Added Tax Law, which contains provisions regarding the mechanisms for the recovery of the tax credit to exporters created by Decree 4-2019, informed the exporters' union. Progress on Anti-Money Laundering LawTuesday, December 3, 2019 The National Assembly of Panama approved in second debate the bill, by means of which it is intended to create the Superintendence of Non-Financial Subjects. This legislative project, sent by the Executive Branch to be analyzed in extraordinary sessions, seeks to establish the exclusive competence to regulate and supervise in the administrative way the non-financial obligated subjects with the intention of preventing money laundering, the financing of terrorism and the proliferation of weapons of mass destruction, informed the National Assembly. Costa Rica: Cattle Herd Grows 5%Tuesday, December 3, 2019 Between 2017 and 2018, the number of cattle rose from 1.49 million to 1.58 million, an increase of 5%. The National Agricultural Survey (ENA) prepared by the National Institute of Statistics and Censuses, specifies that of the total number of cattle counted in 2018, 61.8% corresponds to meat production, 15.8% was allocated to milk production, 22.2% dual purpose and finally, working animals represent 0.2%. Heavy Transport: Excess Cargo SanctionsWednesday, November 20, 2019 On November 20, the moving weighing system began operating in Guatemala, which will verify that the weight and dimensions of the cargo vehicles are within the permitted range, otherwise the respective sanctions will be applied. Ministry of Communications staff reported that the system is equipped with cameras and sensors embedded in the asphalt, which captures and sends the information immediately to a computer. For now, the system is already installed in the first instance in the Belize Bridge. Panama: Regulations on Use of DronesWednesday, June 1, 2016 As part of the requirements of the new standard, all drones circulating in the country must be registered with the Civil Aviation Authority. Resolution No. 120/DSA/DJ/DG/AAC: Vehicles: New Import Rules ApplyThursday, November 7, 2019 With the changes in the Manual of Procedures for the Inspection of Vehicles in force since November 6, the used units that are imported into Costa Rica and that have been declared in total loss or taken out of circulation in their country of origin, will not enter. The importation is prohibited for registration of used vehicles established in Article 5 of the Transit Law such as, total loss, removed from circulation in their country of origin, unauthorized structural joints, altered odometers or right-hand drive, that have been declared in total loss in their country of origin or that do not comply with certain parameters that protect the final beneficiary as purchaser of the same in our country, explained the Ministry of Finance. Regulation of Nurseries in CompaniesWednesday, October 9, 2019 The Salvadoran government announced that in January 2020 it will submit a proposal to regulate the operation of nurseries dedicated to the care of employees' children, which will be mandatory for companies with more than 100 workers. The regulation will be part of the application of the Special Law for the Regulation of Nurseries, which will enter into force on June 19, 2020. NO to the Minimum Wage IncreaseWednesday, November 27, 2019 The coffee growers oppose the possibility that in El Salvador the minimum wage will be raised, because they assure that the price at which the grain is quoted at an international level, prevents them from paying higher wages. The National Minimum Wage Council (CNSM) began days ago to review the conditions for deciding whether or not to adjust the minimum wage. E-Commerce Law PassedMonday, November 4, 2019 The Assembly of El Salvador approved the legal framework that provides legal security to commercial relations, for the conclusion of contracts, transactions of goods and services between suppliers and consumers by electronic means. The authorities informed that the regulation will enter into force one year after it has been published. Panama: Forceful Liquidation of AllBank OrderedMonday, November 11, 2019 Because of the financial, operational and corporate governance situation of the banking entity, the Superintendence of Banks ordered the entire closure. This measure was taken after the evaluation deployed in the Interim Administrator's Report, as well as the assessment of this Superintendence of Banks, details an official report. New Rules for RestaurantsMonday, November 25, 2019 In order for a club soda or a restaurant in Costa Rica to obtain permission to use liquefied petroleum gas, the business must comply with the regulations that have been in effect since September and must then submit to the scrutiny of a certified specialist. The 133 requirements to be met by restaurants and club soda are contained in the "General Regulations for the Regulation of Liquefied Petroleum Gas Supply." Dairy Industry: Conflict between Guatemala and HondurasMonday, November 25, 2019 Guatemalan producers say the Honduran authorities refuse to inspect their plants, preventing them from exporting milk to that market, so they ask the Guatemalan Ministry of Economy to apply reciprocal measures. According to the directors of the Dairy Development Association (Asodel) and the Chamber of Dairy Producers of Guatemala, with the aim of authorizing sanitary permits, a year ago they waited for the National Agrifood Health and Safety Service (Senasa) of Honduras to visit the production plants, but the Honduran authorities refused to do so. |
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Sunday, December 8, 2019 - last update: 6:04 pm
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