Some laws that provide tax incentives in Nicaragua- Part I
On this occasion, we present the first part of a series of articles in which we'll make a brief statement of the main laws that provide tax incentives in Nicaragua in different economic sectors.
New Minimum Wages
In accordance with Minute No. 2 of the National Commission of Minimum Wage from August 18, 2016, new minimum wages shall be applied from September 1st, 2016 to February 28, 2017, as follows:
Plant Varieties in Nicaragua
When it comes to the application of plant variety regulations we must recognize that they are not commonly discussed or applied in our professional practice at a general level and are instead known to be practiced by a limited number of people who are directly related to the area of study, however it becomes contradictory when most of us at a certain moment of our lives have become the consumers of products that have completed a process of genetic modification either by natural causes or by manipulation through specialized
Law No. 344 - The Promotion of Foreign Investments
“Nicaragua: the miracle of a growing economy”, is how the prestigious international Journal, Forbes from Mexico, defined the sustainable and accelerated economic growth experienced in our country in recent years. That article highlights the main reasons for the citizen safety/security in comparison to other countries in Central America and how attractive our country is
TAX CONCERTATION LAW Article 127 of the Tax Concertation Law established a series of VAT Exemptions on transfer of goods; however, the same article said that in addition to those contained in the Law, Specific Listing would have to be published by the Ministry of Finance containing all goods that are exempt from transfer tax.