El Salvador's Agriculture and the Tax Reform

Farmers and growers have voiced their concern over the new taxes they will have to pay.

Monday, November 9, 2009

One of the most worrying topics, they argue, is the application of a 13% value added tax when importing capital goods. Although these amounts are deductible from income taxes, they have negative effects on the companies' cash flow. Additionally, value-added tax will also be applied to several export categories like coffee.

"According to the different fiscal reform proposals, there won't be any deductible tax benefit when repairing or remodeling used real estate, nor when buying real estate for construction, nor when paying sums larger than $3.000 through the financial system", reported Laprensagrafica.com.

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Panama: Urgent Need for Definition of Agriculture Policies

March 2013

The Panamanian Association of Business Executives points to the continuing deterioration of the agricultural sector and its consequence on the prices of staple foods.

By reducing the acres produced and the number of people engaged in agriculture, Panamanians will become dependent on imports, which will lead to higher prices.

$50 million from CABEI to Banco Agrícola in El Salvador

June 2011

The line of credit will be designated to provide financial assistance to small and medium exporters.

The executive director of the Corporation of Exporters, Silvia Cuéllar, considered it a very good opportunity for SMEs, adding that it should enable favorable loan conditions.

Status of Agricultural Sector in Costa Rica

May 2011

The Agricultural Sector has experienced the loss of hundreds of acres of various crops, factories and company closures, and the reduction of thousands of jobs in Costa Rica.

The National Chamber of Agriculture and Agro (CNAA), Upanacional and the Independent Smallholders' Union of Perez Zeledon (UPIAV) expressed on May 12, Farmer's Day in Costa Rica, there is not much to celebrate.

The Potential of Salvadoran Agriculture

June 2010

Taking Chile as an example, Salvadoran agriculture must modernize and work with a business mindset, investing in technology and innovation.

Mario Salaverría, president of the Sugar Association, commented that the sector needs to eradicate plagues and diseases, to avoid being held back by international food safety barriers.

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