News

HN: Increase in contribution ceiling for the financing of The Regimes of the Social Protection System

January, 2019

According to the STSS-390-2015 agreement, this year an increase must be applied to the contribution ceiling of the Social Security Insurance Scheme (IVM) and the Health Care Insurance Scheme (EM). In 2019, the contribution ceiling of the Social Security Insurance Scheme (IVM) is L. 9,326.42, an incr...

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HN: Increase in the base exempt from Income Tax

January, 2019

The structure of the progressive scale chart for the calculation of Income Tax for the year 2019 had an increase of 4.22%, in accordance with the inflation observed by the Central Bank of Honduras (BCH).To the above amount L. 40,000.00 of medical expenses are added, as allowed by the legislation, fo...

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NC: Nicaraguan Institute of Social Security increases the maximum salary of contribution

January, 2019

A resolution from the executive president of the Nicaraguan Social Security Institute (INSS, in Spanish) approved a 10.04% increase to the maximum amount subject to affiliates' contributions, therefore, effective January 1st, 2019 the maximum salary subject to social security contributions rose to C...

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CR: Payment of the Luxury Tax

January, 2019

The deadline to submit the Luxury Tax return and to pay this Tax is on January 15th, 2019. The luxury tax applies to real estate used for housing whose construction value exceeds 131 million colones (approximately US$218,000).The luxury tax return must be submitted every three years from the date on...

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