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Nicaragua

NC: Nicaraguan Institute of Social Security increases the maximum salary of contribution

January, 2019

A resolution from the executive president of the Nicaraguan Social Security Institute (INSS, in Spanish) approved a 10.04% increase to the maximum amount subject to affiliates' contributions, therefore, effective January 1st, 2019 the maximum salary subject to social security contributions rose to C...

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NC: Administrative procedures online

August, 2018

Administrative procedure for online registration of taxpayers and closing of tax obligations.On July thirty-first of the current year, the General Administrative Provision Nº 01-2018 "Online registry of taxpayers" and the General Administrative Provision Nº 02-2018 "Administrative procedure for onli...

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NC: Approval of the ML/TF/FP

July, 2018

Approval of the Financial Analysis Unit Law and the Anti-Money Laundering Law, the Financing of  Terrorism and the Financing of the Proliferation of Weapons of Mass Destruction.Recently, the National Assembly approved the Law No. 977 on Anti-Money Laundering, Financing Terrorism and Financing t...

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NC: Minimum wage increase

March, 2018

The Ministry of Labor approved a 10.4% increase in minimum wages for the different economic sectors of the country, with the exception of the free trade zones, which increase will increase by 8.25%. 50% of the increase will be applied from March 1 and the remaining 50% will be applicable from Septem...

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