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".

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.

Guatemalan Coffee Growers Reject Anti-Evasion Plan

September 2011

The coffee sector has announced its opposition to a proposal to establish a 5% surcharge on Income Tax (ISR in Spanish) for the agricultural sector.

A press release by Anacafé states:

The Guatemalan coffee industry via the National Coffee Association, Anacafe, has expressed concern about the establishment of a 5 percent surcharge on Income Tax,, referred to in the draft Anti-Evasion Act II which is now being considered in the Congress of the Republic. Political parties in their current campaigns have said that they will not raise taxes, their representatives in the legislative body have already made agreements to approve them.

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