Sanitary Registration in Nicaragua
The commitment to protect the health of citizens is not only the responsibility of the State through the health authorities, instead each manufacturer and distributor should assume a sense of responsibility, honesty and professionalism that can urge them to comply with all the legal provisions and processes established by the authorities to guarantee the sanitary quality and safety of the products offered in the market.
Why create a brand for my product?
Both, companies who are already well established in the market as well as new entrepreneurs need to position their products. The best way to do this and allow them to acquire a certain value is to put a brand on the product, so that the consumer can identify the product and purchase it. Brand loyalty, is created once a brand has been established and properly positioned in the market and is acquired when the consumer consciously chooses one product over another.
Tax Update- Important changes you should be aware of as we start 2017.
General Administrative Provision No. 02-2016.- Classification of Great Taxpayers. Published in La Gaceta Official Gazette No. 237 of December 19, 2016. By means of General Administrative Provision No. 02-2016, the Director of the General Revenue Agency (DG) determined that natural persons or Legal Entities with gross annual incomes of economic activities equal or greater than C $ 160,000,000.00 (one hundred and sixty million córdobas ) would be considered Great Taxpayers.
Some laws that provide tax incentives in Nicaragua- Part II
This time we present the second installment of our edition of Laws that offer tax benefits in Nicaragua. Previously we mentioned the benefits offered by the Law on Conservation, Promotion and Sustainable Development of the Forestry Sector in addition to the Law on Tourist Incentives and on this occasion we make a brief explanation of the incentives offered on other legal provisions and laws from which we can all benefit.
The income tax exemption for non-profit organizations
This time we are going to address a very interesting topic that has been the object of discussion—and also of administrative remedies filed by non-profit organizations—in Nicaragua; which is, the tax exemption that by nature the nonprofit organizations have, commonly called “NPO”. We will focus our attention on the Income Tax, which is the core of the discussion.