Salvador's import duties go online

©image: Don Meliton

Besides cutting red tape, the new system should reduce the risk of robberies. Currently truck drivers have to carry cash so they can pay the duties at El Salvador's border.

Source: prensalibre.com

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Nicaragua: Textile Exports Grows 14%

September 2010

The sector exported $552 million in the first seven months of the year, 14% more than same period of 2009.

Businessmen rated the recovery as "moderate", because they haven't reached 2008 levels, when the sector made $554 millions in the first seven months of the year.

This recovery was similar in the rest of Central America: El Salvador reported a 21.1% increase, Honduras 13.8%, and Guatemala 8.8%.

El Salvador: New Tax will Impact on Employment

May 2011

Employers are arguing that the new tax on large capital will affect employment generation.

Contrary to claims by President Maurcio Funes that the new tax will not affect the country's economic recovery, employers and economists agree that in the short term it will affect the generation of jobs and cause an increase in the cost of goods and services.

Guatemalan Tax Calendar for December 2010

December 2010

December 2010 due dates for tax liabilities generated in November 2010

Tuesday, 14th Employee Retention ISR SAT-No. 1054 SAT-No. 1055

Tuesday, 14th 10% Tax Withholding for Financial Products SAT-No. 1054 SAT-No. 1055

Tuesday, 14th Suppliers retention - 5% of income tax

Guatemalan Tax Calendar October 2011

October 2011

Schedule for the payment of tax obligations for October 2011.

TAX CALENDAR October 2011

The deadlines this month, corresponding to obligations up to September 2011.

Friday 14 - Employee Retention ISR (ISRJ Law Article 63 - SAT-No. 1054 - SAT-No. 1055

Friday 14 - 10% Withholding Tax on Financial Products - SAT-No. 1054 - SAT-No.1055