Nicaragua
Nicaragua: Annual Income Tax 2019 Ordinary Period Filing and Payment
February, 2020
Prior to the enforcement of Law No. 987, Law of amendments and additions to Law N° 822 Nicaraguan Tax Law (hereinafter “Amendments to the Tax Law”) the taxpayers (individuals or legal entities) that were incorporated under the ordinary fiscal regime were required to submit the annual tax declaration...
Read moreArias Nicaragua advises Banco Lafise Bancentro on a DPR transaction
August, 2019
Arias acted as Nicaraguan counsel to Banco Lafise Bancentro in the sale, assignment, transfer, and conveyance of all the bank´s Diversified Payment Rights and all collections thereunder to a Cayman Islands entity, as well as an issuance of bonds with the participation of the Bank of New York Mellon,...
Read moreNC: Grace period for the payment of capital gain tax for the transfer of assets subject to registry
May, 2019
Pursuant to Law 987 Law of Amendments and Additions to Law 822, "Nicaraguan Tax Law" (hereinafter "Law 987"), the tax rate for the transfer of assets subject to registry assets was increased. Notwithstanding the foregoing, the sixth Article of the Ordinal II "Transitional Provisions" of this La...
Read moreNC: No increase to minimum wages
March, 2019
Minimum wages are reviewed every six months, in accordance with applicable legislation. Nevertheless, according to Resolution CNSM-07/03/19of the National Minimum Wage Commission, dated March 7th, the Commission will remain in permanent session and will meet monthly, during a six (6) months period,...
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