Nicaragua Transfer Pricing

21_Dinero_Portada

TODAY NICARAGUA – The upcoming entry into force of the tax rules on transfer pricing may take some Nicaraguan companies unawares.

An article on Elnuevodiario.com.ni reports that “… Most Nicaraguans companies are concerned about not being ready to cope with the entry into force of the Law on Transfer Pricing from the first of January next year. ”

- payin the bills -

In December 2012, “… the National Assembly passed Act 822, the Tax Coordination Act, which among new aspects and some to strengthening tax audits, contains articles that will regulate transfer pricing for the first time in the country . ”

According to consultants on tax matters, “… if the law goes into effect and companies do not have their transfer pricing studies, they will be exposed to the Directorate General of Revenue (DGI) who will perform a tax adjustment to the figures reported their financial statements … ”

Source: elnuevodiario.com.ni

- paying the bills -

Related Articles

Nicaragua restores 95% electricity service

TODAY NICARAGUA - After the damages caused by Hurricane Iota a...

They Survived Two Hurricanes in a Row, but Their Lives Came to a Halt

(EFE) In the area of Nicaragua that received the worst part...

MOST READ

Rosario Murillo: La Heredera (The Heiress)

Rosarion Murillo, the "eternally loyal" to her husband and political partner, Daniel Ortega. In a profile by Confidencial in October 2016, before her election as...

Better Air Connectivity Between Nicaragua and the US

The private companies' association is in talks with United Airlines to promote the opening of a route that connects Nicaragua with the east coast...

Nicaragua Unveils Central America’s Largest Baseball Stadium

Nicaragua has unveiled its long-awaited baseball stadium in Managua, replacing the former baseball field built in 1948. The new structure will hold up to...

Bianca Jagger Gets Into The Nicaragua Act Again

(American Thinker)  Remember Bianca Jagger? You know, the disco queen and former rock-star's wife turned leftwing "human rights activist" who was last seen mourning...

What Are Some of Nicaragua’s Popular Food?

TODAY NICARAGUA - Nicaragua is an interesting place, with a tumultuous history and a relatively peaceful present. and even if many things can be...

Nicaragua Praised by the IMF

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in...

Poll Shows Declining Expectations on a Nicaraguan Canal

According to the results of the most recent survey conducted by Cid Gallup, the Nicaraguan interoceanic canal project, a concession given to the Chinese...

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.