PAYING TAXES
Guatemala: Pharmaceutical Company Intercepted
Apr-27-21 | For the possible commission of the crime of Tax Fraud, the Superintendence of Tax Administration intervened the commercial company J.I. Cohen.
Tax: Setback for Local Authorities
Apr-16-21 | After in Costa Rica the mayor of Alajuela filed an action of unconstitutionality to revert the authentic interpretation approved by the deputies for the payment of real estate taxes applicable to free zones, the Chamber ruled negatively to the legal recourse filed.
Local Governments vs. Legal Security
Apr-12-21 | After the Mayor of Alajuela filed an action of unconstitutionality in Costa Rica to revert the exoneration of real estate taxes applicable to free trade zones, the business sector believes that legal certainty is being undermined.
Tax Amnesty: Law Sanctioned in Panama
Apr-8-21 | President Laurentino Cortizo sanctioned Law 208 of April 6, 2021, which extends until December 31 of this year the validity of the tax amnesty, which initially arose in 2019.
Electronic Invoice: Provisions in Guatemala
Mar-29-21 | As part of the process of digitalization of tax procedures, as of July 1, 2021, taxpayers who register with the Superintendence of Tax Administration will be added to the Online Electronic Invoice regime.
Panama: Tax Amnesty to the End of 2021
Mar-25-21 | The National Assembly approved in third debate the bill that extends until December 31 of this year the validity of the tax amnesty, which initially arose in 2019.
Tax Fraud: New Cases in Guatemala
Mar-24-21 | Chang y Compania and Mag Alcoholes, are two companies that during March were audited by local authorities, after the detection of the possible crime of tax and customs fraud.
Public Limited Companies: Penalties for Late Payments
Mar-17-21 | In Panama, the General Revenue Directorate (DGI) announced that it will suspend corporations that for the term of three consecutive years or more, have not made the payment of the single tax.
Tax Amnesty to Reactivate the Economy
Feb-16-21 | In order to reactivate the Panamanian economy that has been damaged by the outbreak of covid-19, the Ministry of Economy and Finance will present to the National Assembly a bill to extend the tax amnesty and approve new tax relief measures.
Taxes: Adjustments to the Global Income Bill
Feb-5-21 | By submitting to the Costa Rican Legislative Assembly a new text of the dual global income bill, the Alvarado administration intends to guarantee the tax exemptions that companies operating in the free trade zone regime already benefit from.
Advertising: Costs Increase in Nicaragua
Feb-3-21 | Following the entry into force of the Sign Law, agencies engaged in providing printed advertising services estimate that the cost of billboards will increase by 30% due to the new tax payments to be made to the municipalities.
Taxes: E-Commerce will be Taxed in Guatemala
Jan-19-21 | In order to force companies to comply with the payment of taxes on sales made through electronic channels, as of June 2021 SAT will begin to use a digital platform that will analyze the information that appears on social networks.
Housing Tax: Changes in Costa Rica
Dec-23-20 | As of January 1, 2021, owners of homes whose construction value exceeds the equivalent of $217,000 will have to pay the tax known as the "luxury home" tax.
Taxes: Supermarket Chain Investigation
Dec-7-20 | After inconsistencies were detected between purchases reported by taxpayers and sales that the company declared to the tax authority, an investigation was initiated in Guatemala into the "La Barata" supermarket chain.
Costa Rica: Law for Corporate Income Tax Return
Nov-27-20 | The Legislative Assembly is preparing to consider, in the first debate, a bill aimed at exempting inactive companies from the obligation to file an income tax return.
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