Requirements for the Deductibility of Costs and Expenses
Experience shows that when the Tax Administration conducts audits of companies’ Income Tax, the most common adjustments made are to EXPENSES, which consequently increase the taxpayer’s taxable income and result in the payment of higher taxes than those declared and paid. In Nicaragua, the Income Tax (IR) for Economic Activities is 30% of the NET […]
10 Legal Tips for Companies in Times of Crisis
The current context demands that companies exercise greater diligence in managing their operations and maintain order and clarity regarding the legal aspects of those operations. Below is a list of 10 legal tips that companies should consider to minimize contingencies and achieve greater resilience in this time of crisis:
Collective Suspension of the Employment Contract
“The issue of collective suspension of the employment contract takes on special importance in the current reality that our country is experiencing, particularly for companies and workers.” It is a tool that allows for the stability of employment contracts in times of crisis. In this sense, it offers a valuable alternative for companies facing economic, […]
Law No. 1054 – Signage Law
On December 17, 2020, Law No. 1054, “Signage Law,” was published in La Gaceta, Official Gazette No. 234. This law aims to regulate advertising and publicity carried out through signs located in the municipalities throughout the national territory. Prior to the publication of Law No. 1054, advertising and publicity were regulated for the Municipality of […]
Final Beneficial Owner Registration and Update of Basic Information of Commercial Companies (PART 1)
On August 20, 2020, Law No. 1035, “Law of Reform to Law No. 698 ‘General Law of Public Registries’ and to the Commercial Code of the Republic of Nicaragua,” was approved and published on August 25 of the same year in La Gaceta, Official Gazette. Through this reform, the “Registry of Ultimate Beneficial Owners of […]