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"

Last week the Supreme Court acknowledged a motion of unconstitutionality submitted by the Association of Industrialists.

Entities involved in developing the new proposal include the Honduran Council of Private Enterprise (COHEP), the National Association of Industrialists (ANDI) and the Honduran Association of Banking Institutions (AHIBA).

More on this topic

Businessmen Reject End of Exemptions

May 2012

The Honduran Council of Private Enterprise is warning about a potential loss of competitiveness for companies investing in the country.

Through its president, Aline Flores, the COHEP (Honduran Council of Private Enterprise) is opposing a new tax package sent to Congress by the government.

Security Tax Causing Capital Flight

August 2012

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.

This is how representatives from Honduran companies explained things, after statements from President Porfirio Lobo recognized a reduction in revenue because of the "Tason".

Honduras: Legal Action Over 1.5% Sales Tax

June 2014

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.

From a statement issued by the Honduran Council of Private Enterprise:

As entrepreneurs we have supported the planning processes of public finances to improve tax revenues and the controlling of public expenditure, which allow for the signing an agreement with the International Monetary Fund (IMF). Tax burdens should be clear and simple, non-discriminatory, fair and universal, as established by our constitutional system.

New Tax Puts $300 million Investment In Doubt

July 2011

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.

This is according to Jesus Canahuati, Honduran business leader and former president of the Honduran Maquila Association, who added that "several investors who were ready to come to the country have now halted their plans," due to uncertainty generated by the new tax.

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