Change in interest deductibility in Guatemala
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Change in interest deductibility in Guatemala

By: Mario Estuardo Archila Guatemala changed its Income Tax law in 2012 with the approval of Decree 10-2012, which went into effect in fiscal year 2013. Few changes were made that can be described as “good”, but one of them is the regulation of interest. This is why it is worth comparing the article that…

Improvements to free trade in Central America with the new annex of specific rules of origin
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Improvements to free trade in Central America with the new annex of specific rules of origin

By: William Escobar Foreign Trade. Preferential and non-preferential origin. We are in a globalized world, where it is increasingly common for citizens of different States to enter trade relations for the exchange of goods, which in turn has an impact on each of their economies. In this context, import tariffs constitute artificial barriers to trade,…

Bidding conditions for the purchase of firm capacity and energy in Honduras
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Bidding conditions for the purchase of firm capacity and energy in Honduras

By: Fernando López and Janine Paz The Electric Energy Regulatory Commission (CREE), within the scope of its powers, approved through Resolution CREE-47-2022 dated December 29th, 2022, the modification of the Terms of Reference for the elaboration of the Bidding bases for the Purchase of Firm Capacity and Energy for the users of the National Electric…

Governmental agreement 9-2023: regulations for registration in Guatemala’s social security system
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Governmental agreement 9-2023: regulations for registration in Guatemala’s social security system

The Agreement in question, published on January 16, 2023, repeals Agreement 1123 of the Board of Directors of the Guatemalan Social Security Institute, which regulated the registration of employers. As a consequence of this repeal, as of January 16, 2023, the exemption enjoyed by salaries paid to legal representatives registered in the IGSS and who…

Payment of corporate income tax for the 2023 period in Costa Rica
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Payment of corporate income tax for the 2023 period in Costa Rica

Corporate Obligations: Payment of the Corporate Income Tax for the period 2023. As part of the corporate and tax obligations that every company, branch of a foreign company and individual limited liability company must comply with at the beginning of each year, is the payment of the Corporate Income Tax, regulated in the Corporate Income…

Bidding conditions for the purchase of firm capacity and energy in Honduras
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Bidding conditions for the purchase of firm capacity and energy in Honduras

By: Fernando López y Janine Paz The Electric Energy Regulatory Commission (CREE), within the scope of its powers, approved through RESOLUTION CREE-47-2022 dated December 29, 2022, the modification of the Terms of Reference for the elaboration of the Bidding bases for the Purchase of Firm Capacity and Energy for the users of the National Electric…

Tax News Update in El Salvador
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Tax News Update in El Salvador

1. General Directorate of Customs announces the El Salvador Reliable Operator Program Manual (AEO-SV) On January 04, 2023, the General Directorate of Customs, on its website, made available the Manual of the Reliable Operator of El Salvador (AEO-SV). The purpose of this manual is to establish the rules that regulate the process to obtain the…

Energy contracts renegotiation between Honduras and its generators
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Energy contracts renegotiation between Honduras and its generators

By: Janine Paz As part of the energy reform in Honduras initiated by the current government, the renegotiation processes of the Power Supply Agreements (PPAs) that the National Electric Energy Company (ENEE) has signed with the different generators around the country began in May 2022. This process was carried out hand in hand with the…

Moving towards sustainable development goal 7: affordable and non-polluting nergy in Guatemala
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Moving towards sustainable development goal 7: affordable and non-polluting nergy in Guatemala

By:  Salvador del Valle. The Sustainable Development Goals (SDGs) were adopted in September 2015 as a set of global goals to eradicate poverty, protect the planet and ensure prosperity for all as part of a sustainable development agenda (https://www.un.org/sustainabledevelopment/es/objetivos-de-desarrollo-sostenible/). The main goal is to ensure access to affordable, reliable, sustainable, and modern energy for all…

Salarial increase for the private sector starting in 2023 in Costa Rica
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Salarial increase for the private sector starting in 2023 in Costa Rica

On Monday, October 24, 2022, the National Wage Council (CNS) agreed on a wage increase for minimum wages in the private sector, effective January 1, 2023. The increase will be 6.62% for all salary categories. An additional 2.33% will be granted to domestic service salaries. Likewise, the adjustments determined in the salary homologation process will…

Criminal liability of legal representatives in Honduras
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Criminal liability of legal representatives in Honduras

By: Grossnie Velásquez Have you ever found yourself wondering about the criminal liability of legal representatives? In this article we will try to explain the different legal concepts and principles involved when it comes to the criminal liability of legal representatives. We will explore how these principles apply in various scenarios and understand their importance…

Guatemala’s progress towards achieving Sustainable Development Goal 7: Affordable and Clean Energy, is as follows
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Guatemala’s progress towards achieving Sustainable Development Goal 7: Affordable and Clean Energy, is as follows

By: Salvador Del Valle Introduction: This article reflects a reality of our world, which increasingly needs processes within companies to be able to mitigate the impacts of the environment. We can generate a change in our environment, if only we set a strategy that is aligned and meets these goals, in addition to trying to…