Global Taxes: The OECD’s Plans in El Salvador(part 2)
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Global Taxes: The OECD’s Plans in El Salvador(part 2)

By: Gonzalo Manzano In a previous installment (see here), we discussed the evolution of the Organization for Economic Trade and Development (OECD) in reducing competition between different tax jurisdictions through the global standardization of tax rules, and in changing the policy that determines where companies must pay their taxes. The creation of the “BEPS Plan”…

Tax penalties in Guatemala
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Tax penalties in Guatemala

By: Mario E. Archila In tax matters it is customary, in a cold and objective manner, to apply a penalty by “default“. However, this position must be rejected every time there are external elements that would make the penalty rule inapplicable, in this way, effectively, it is understood that we are in a system of…

Notice: Issuance of Electronic Stamp Paper in Nicaragua
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Notice: Issuance of Electronic Stamp Paper in Nicaragua

Article 237 of Law No. 822 “Ley de Concertación Tributaria” (LCT) creates the Stamp Tax, also called ITF. This is an indirect tax levied on the consumption of certain legal acts, which are contemplated in article 240 of the referred law, with its respective applicable rate. The referred article determines the applicable rate for stamped…