GUATEMALA
EMERGING LAW FOR THE PRESERVATION OF EMPLOYMENT ENTERS INTO FORCE
This law provides tax benefits for specifically industries. Some of the main benefits that the law grants are a 10-year exemption of Income Tax, as well as exemption for up to 1-year of the payment of taxes and customs duties on import...
  EL SALVADOR
A STEP TOWARDS THE FUTURE – E-MONEY
What is Electronic Money? Is the monetary value that is registered in favor of a specific person, which is an obligation of any payment required by a vendor or provider, used as a means of payment in an amount equal to the cash delivered, which is stored in an electronic device...
  HONDURAS
NEW TAX AGENCY IN HONDURAS IS CREATED
On February, the execution of the project based on the creation of a new Revenue Administration Service in Honduras began. Diagnosis reveals that the main problem of the tax authorities in the country is insufficient revenue due to the ineffectiveness of the tax processes, low quality information...
  NICARAGUA
NEW REGULATION FOR THE REGISTRATION OF FINANCIAL INSTITUTIONS AND NON-FINANCIAL ACTIVITIES HAS BEEN PUBLISHED
The purpose of this Regulation is to update the proceedings and registries of the Obligated Parties, as well as establish requirements, allowing the Institution to have precise and complete information of the natural and legal obligated parties...
 

COSTA RICA
DATA BREACH NOTIFICATION
Costa Rica has a notification requirement for general data breaches, with which all database owners must comply. The Executive Decree N°37554 lays down that the party responsible for the database must inform the data owner about any irregularities in the treatment and storage of data..

 

PANAMA
PANAMA BETS FOR A “COLON FREE PORT” REGIME
Panama seeks the economical reactivation of the second most important province in the Republic, on March the Law “That adopts a Special System of Free Port for Colon” was approved. The Free Port of Colon is measured in international context for its delimitation with the Caribbean output of the Panama Canal...

Arias & Muñoz, the most awarded Central American firm at IFLR Americas Awards 2016

Arias & Muñoz contributes with the Second Edition of World Law Group's Global Guide to Data Breach Notifications

Judicial Independence in Latin America