Energy communities: innovative solutions to climate change in El Salvador
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Energy communities: innovative solutions to climate change in El Salvador

Byconsortiumadmn

With the objective of reducing the effects of climate change and guaranteeing access to energy in different latitudes, the figure of Energy Communities has been developed. These are legal organizations made up of a variety of partners that may include individuals, associations, small and medium-sized companies, government entities, among others. Climate change is a real…

Contracts in Guatemala: Exploring the scope of agreements drafted in English, governed by foreign laws and jurisdictions
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Contracts in Guatemala: Exploring the scope of agreements drafted in English, governed by foreign laws and jurisdictions

Byconsortiumadmn

It is very common in Guatemala that, when entering into a contract between two local entities, the parent company of one of them is foreign and, therefore, requires that the contract be executed in another language (usually English), that it be subject to the laws of the jurisdiction of the referred parent company and subject…

Exemption rights for renewable energy projects in Guatemala
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Exemption rights for renewable energy projects in Guatemala

Byconsortiumadmn

Decree 52-2003 was declared of urgency and national interest to promote the development of renewable energy projects at a time when Guatemala had a generation matrix, mainly from thermal energy sources (bunker and diesel) and, according to the renewable resources the country had, it could stop depending on imports and generate energy with clean and…

The path to a sustainable and prosperous future through renewable energy
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The path to a sustainable and prosperous future through renewable energy

Byconsortiumadmn

In a world increasingly aware of the need to protect the environment and reduce greenhouse gas emissions, Costa Rica has become a true leader in the adoption of renewable energy and the implementation of sustainable policies. Through a combination of unique factors and a determined commitment, Costa Rica has made significant progress in achieving sustainable…

Audited financial Statements and SAT in Guatemala
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Audited financial Statements and SAT in Guatemala

Byconsortiumadmn

Since November 2021, the Tax Administration has made some communications with taxpayers requiring some specific forms regarding the presentation of reconciliations and audited financial statements, when applicable. It is important to start by defining who is obliged to submit such financial statements to the Tax Administration. Several legal bodies place this obligation. Income Tax In…

Joint and several liability of the legal representative in tax matters in Nicaragua
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Joint and several liability of the legal representative in tax matters in Nicaragua

Byconsortiumadmn

Nicaraguan law requires companies to register as taxpayers with the General Revenue Directorate (DGI). The Single Registry of Taxpayers includes basic data of the company, such as: shareholder composition, current board of directors, fiscal domicile, economic activity, legal representative, etc. It is the taxpayer’s obligation to keep this information updated, being necessary to carry out…

Equity premium in Guatemala
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Equity premium in Guatemala

Byandresincdustry

The topic of the equity premium has taken off in Guatemala, mainly because of the concern about how ventures can be financed, since: They do not want to be diluted. They need capital. Their venture is valued as nothing more than an income expectation. Essentially, there are two ways in which money can come into…

New Income Tax Law proposed in Costa Rica
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New Income Tax Law proposed in Costa Rica

Byandresincdustry

On May 18, 2023 the Executive Branch submitted five bills to the Legislative Assembly related to fiscal and public finance matters. The aforementioned bills are: File 23759: Modification of the Tax Code regarding joint and several liability in tax matters. File 23760: New Income Tax Law. File 23761: New Vehicle Property Tax Law. File 23762:…

Crimes and Misdemeanors in Migratory Matters in Central America
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Crimes and Misdemeanors in Migratory Matters in Central America

Byandresincdustry

There are several crimes and administrative offenses that may be incurred in immigration matters. Within the Central American region, these offenses are punished in different ways, depending on the seriousness of the case. The regulating and sanctioning entity in the countries of El Salvador, Nicaragua, Costa Rica, and Honduras is the Directorate of Migration and…

The myth of fiscal regressiveness in Honduras
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The myth of fiscal regressiveness in Honduras

Byandresincdustry

Sophists were ancient Greek philosophers who, among other things, taught the art of the use of words. Their methods were not always entirely ethical, and it is said that they practiced the art of presenting the false as true. A sophism, therefore, is an argument that appears to be true, but which at bottom is…

The right to employment for individuals with disabilities in El Salvador
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The right to employment for individuals with disabilities in El Salvador

Byconsortiumadmn

By: Carlos Rodriguez El Salvador ratified Convention 111 of the International Labor Organization (ILO) in 1995, which in its Art 5, establishes that special measures for the protection of vulnerable people, including people with disabilities, are not discriminatory; therefore, it has enacted a diverse legislation that tends to apply these favorable measures for people with…

Self-Employed workers law in Costa Rica
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Self-Employed workers law in Costa Rica

Byconsortiumadmn

In the absence of publication in the Official Gazette La Gaceta, the “Law of the Self-Employed Worker” is already a reality. The new regulation is composed of only two articles and two transitory articles; however, its content brings substantial changes in favor of thousands of independent workers. The first article of the law defines an…