TAX CONCERTATION LAW Article 127 of the Tax Concertation Law established a series of VAT Exemptions on transfer of goods; however, the same article said that in addition to those contained in the Law, Specific Listing would have to be published by the Ministry of Finance containing all goods that are exempt from transfer tax.
Is it possible for a micro, small or medium company to obtain credit/financing and participate in procurement processes/adquisitions?
Many times it is difficult for micro, small and medium companies (MIPYMES in Spanish) to obtain credit or financing in order to, among others, improve their competitiveness or to be able to participate in procurement processes, due to lack of capacity to provide collateral or guarantees to ensure such credits or financing; or guarantees required in the procurement processes or acquisitions.
Fiscal Treatment Analysis on the Sale of Shares of a Nicaraguan Corporation.
Before the enactment and entry into force of Law No. 822, Law on Tax agreement (LCT for its acronym in Spanish), its Regulations and subsequent amendments, there was a unique way in which the income tax levied the revenue generated by a taxable person. However, with the LCT, new concepts were introduced like Capital Income and Capital Gains, which are different and have a different tax treatment than Labor Income Tax (perceived
Acquisition of Property along the Nicaraguan Border
Over the last couple of years, Nicaragua has become an important destination for many foreigners who visit, not only with the intention of vacationing in Nicaragua but also to purchase property to be used either as a residence or investment. Often times, foreigners are unaware of our legislation and the limitations this may impose on them when acquiring property within our territory.
Nicaragua is one of the countries that provides protection for certification marks, the governing law to register certification marks in Nicaragua is the Law No. 380, Law of Trademarks and Other Distinctive Signs. A certification mark is a sign applied to products or services whose characteristics or quality have been certified by the trademark holder.