españolPanama: "Flat-Tax" Won't Be Over 30%Monday, November 16, 2009 The tax reform bill includes the creation of a 'flat-tax' scheme, which would come into effect in 2010. This tax will replace the Alternate Income Tax Calculation, lowering the tax burden for individuals and businessmen, argued Dulcidio De La Guardia, finance vice minister. Tax Reform Proposal in PanamaMonday, February 23, 2009 Lawyers, economists and tax specialists discuss this proposal, focused on the adoption of a "flat tax" to replace the current tax system. The proposal was initiated by Ricardo Martinelli, the presidential candidate that leads public opinion surveys regarding voting preferences, and, according to what was reported by Marianela Palacios in an article in Prensa.com, “[this proposal] implies a reduced ISR rate for the businesses of a current 30% rate to 10% or 15%, limits deductions and eliminates a series of subsidies and fiscal exonerations, even those banking-related." Property Rights in NicaraguaFriday, July 13, 2012 Nicaragua is ranked 123 out of 130 countries included in the latest International Right to Property Index by the NGO Americans Tax Reform. Writing in Laprensa.com.ni, Luis Sanchez Sancho analyzes a particular case of the many that are currently being aired on Nicaragua property rights. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Costa Rica Long-Term Ratings Lowered To 'BB-'Friday, February 26, 2016 Noting the political system's inability to agree on fiscal issues, Standard & Poor's has downgraded, from BB to BB-, the rating for the country's long-term debt, giving it a negative outlook. Costa Rica Long-Term Ratings Lowered To 'BB-' On Continued Fiscal Deterioration; Outlook Is Negative Adjustments Prior to Tax Reform in PanamaTuesday, August 4, 2009 The economy and finance ministry will present some tax adjustments, prior to the fiscal reform announced for years-end. These adjustments include a modification in real estate taxes and tax increases for casinos and gambling houses. Tax Reform Bill Passed in NicaraguaFriday, December 4, 2009 The tax reform bill, which includes new corporate taxes, was finally passed by the National Assembly. These new taxes look to cover $45 million of the nation's 2010 budget. El Salvador: Congress Discusses Tax ReformMonday, December 14, 2009 Out of 12 initiatives introduced by the Executive, 4 have already been approved by Congress. These new regulations will give the Treasury Ministry greater control when collecting value-added tax (IVA/VAT). Fiscal Reform in Panama Before July 2009Wednesday, June 10, 2009 The proposed reforms to the law of fiscal responsibility will be put before the Assembly for their consideration and approval before July 1. This is what the appointed minister of Economy and Finance, Alberto Vallarino, reported. Guatemala: New Tax Reform ProposalTuesday, November 17, 2009 A recently introduced fiscal reform bill could increase tax collection in $324 million a year. Under the proposal, income tax will be lowered to 28% from its current 31%, while increasing taxes for dividend distribution to 10%, up from 3%. Álvaro Colom Insists on Discussing Tax ReformThursday, January 28, 2010 The president of Guatemala announced he will continue pressing the tax reform discussion with the private sector. Guatemalan companies have restated they don’t want to discuss the possibility of increasing taxes, and according to them, Colom’s insistence may jeopardize the talks. Panamanian Government Presents Tax ReformTuesday, February 2, 2010 Alberto Vallarino, Finance Minister, is expected to present the tax reform today to the president’s cabinet. The main objective of this project is to remove the Alternative Calculation for the Income Tax. Guatemalan Tax Reform Still WaitingWednesday, August 26, 2009 For a third consecutive time, Congress was unable to approve the tax reform. The lack of agreement is centered around a proposed tax on a vehicle's first plate, and the implementation of a bluebook. Costa Rican Economists Endorse Tax RefomMonday, January 4, 2010 A survey by El Financiero showed that 6 out of 10 economists consider the upcoming government should promote a tax reform. When asked which specific tax should be modified, 87% chose the Income Tax, while 58% opted for the Sales Tax. Salvadoran Liquor Industry Demands ReformWednesday, April 28, 2010 The Association of Distillers and Liquor Companies (Asdyl) requested Congress to modify the taxes included in the recently passed tax reform. They argue that since the reform came into effect on January 2010, sales have dropped 45%, causing them to fire 300 workers. |
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