Press Room

Nicaragua

NC: Grace period for the payment of capital gain tax for the transfer of assets subject to registry

May, 2019

Pursuant to Law 987 Law of Amendments and Additions to Law 822, "Nicaraguan Tax Law" (hereinafter "Law 987"), the tax rate for the transfer of assets subject to registry assets was increased. Notwithstanding the foregoing, the sixth Article of the Ordinal II "Transitional Provisions" of this La...

Read more

NC: No increase to minimum wages

March, 2019

Minimum wages are reviewed every six months, in accordance with applicable legislation. Nevertheless, according to Resolution CNSM-07/03/19of the National Minimum Wage Commission, dated March 7th, the Commission will remain in permanent session and will meet monthly, during a six (6) months period,...

Read more

NC: New changes to social security

January, 2019

Today´s resolution from the Directive Council of the Nicaraguan Social Security Institute (INSS, in Spanish) approved the following changes to the social security system:Increase to employer and worker´s contributions to the Integral Regime.Contributions of employers with more than 50 employees, inc...

Read more

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...

Read more
123

Contact

Let's keep in touch!

Leave us a message if you have any questions or require our services.