Agreement on Changes to Security Tax
The deal has almost been sealed between legislators and employers on the changes to be incorporated into the Law on Population Safety.
Monday, August 29, 2011
According to an article in Elheraldo.hn, representatives from the two sectors, "have fine tuned the latest proposal by economic activity, allowing them to project the amount of resources to be collected from the application of fees and charges"
The Honduran Council of Private Enterprise is warning about a potential loss of competitiveness for companies investing in the country.
Warnings from Honduran businesses about the flight of capital resulting from the application of the controversial tax on banking transactions (known in Spanish as the ‘Tason’), are coming true.
The private sector has filed a constitutional complaint against Article 22-A of the Tax Act on income tax arguing that it distorts fundamental tax principles.
A new security tax, which aims to raise $80 million, calls into question a $300 million investment and could result in the loss of 15,000 jobs.
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