log in
All Articles | Back

Member Articles


Central America: Tax Amendments and Opportunities 

by Diego Martin, Alfredo Rodriguez, Armando Manzanarez, Carlos Taboada, Diego Salto

Published: August, 2019

Submission: September, 2019

 



Reform is in the air for Central America’s tax systems. Alfredo Rodríguez, Diego Martín ­Menjívar, Armando Manzanares,Carlos Taboada and Diego Salto Van der Laatof Consortium Legal take a look.


Central America’s tax systems have certainly evolved over the past few years. Looking ahead, the need to increase fiscal revenues and the lack of modernised systems will trigger further reforms in most of the countries.


According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investment (FDI) into Central America exceeded $43 billion in 2018. For this reason, the region’s tax systems are adapting to international tax trends – led by the BEPS initiative – and intensive tax reforms are likely to materialise in both Costa Rica and Nicaragua.


Recent elections in El Salvador and Guatemala will also open windows of opportunity to push tax reform in those countries.At the same time, Central America’s tax authorities are working hard to strengthen their technology platforms to conduct more efficient audits and collection processes.


NOTE: This article was published byEuromoney Trading Limited(c) in association with Consortium Legal.The copyright of all editorial matter appearing in this Review is reserved by the publisher. No matter contained herein may be reproduced, duplicated or copied by any means without the prior consent of the holder of the copyright, requests for which should beaddressed to the publisher. Although Euromoney Trading Limited has made every effort to ensure the accuracy of this publication, neither it nor any contributor can accept any legal responsibility whatsoever for consequences that may arise from errors or omissions, or any opinions or advice given. This publication is not a substitute for professional advice on specific transactions.


 


 



Link to article

 

MEMBER COMMENTS

 

 

WSG Member: Please login to add your comment.

    Disclaimer

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2019