Taxes
Given the recent and continuing changes in taxation adopted both in Nicaragua and in some of the other countries of the region, tax planning has become much more important not only because most of the majors, but for local businesses, which accurately is a fundamental pillar leading to optimize the tax position of our clients.
Our team of tax specialists, not just study and know the details of our tax laws, but we analyze the main features of fiscal policy that is used in Nicaragua, we know the main regulatory instruments and effects, and leverage their advantages, ambiguities and gaps regulations to develop tax strategies that enable our customers to reduce the tax cost of the different operations.
Our services are framed within the highest standards of ethical and professional quality, and within the parameters established by the tax legislation in force at the time of our work.
Services that we offer:
Preparation and filing of tax returns.
Valued Add Tax.
Advances definitive mínimum payment of IR.
Advances on account of IR (subject exempt mínimum).
Selective consumption tax.
IR Withholding at Source.
Withholding final overhall
Taxes of the Mining Industry (Surface and ad valorem).
Withholding Statement for marketing and export of timber.
Annual Income Tax "IR" (Includes Tax Settlement).
Municipal Income tax (1%).
Municipal Registration.
Property Tax (IBI).
Municipal Withholdings.
Obligations to the Social Security Institute.
Other rates and special levies.
Development Planning and Tax Strategies.
Permanent Fiscal Advisory and Consulting.
Tax advice of a holistic and ongoing development of industrial, commercial and general business.
Interpretation and application of current tax legislation and regulatory instruments, in order to minimize the tax effect on their decisions, or exploit its advantages to develop tax strategies that favor.
Analysis and recommendations for recording accounting transactions with tax implications, or transactions made abroad with tax effects in Nicaragua.
Planning and developments of strategies.
Procedure before the tax authorities, ministries or other entities.
o Steps of recovery of tax credits (refunds), or applications that generate overpayment credit balances against other taxes, using the mechanisms and modalities established in tax law.
o Managements of exemption of definitive the minimum payment of IR (period of maturation of the project), before the Interinstitutional Technical Commission conformed by the Farming and Forest Ministry, Ministry of Public Works and the Economy Industry and Commerce, Ministry of Property and Public Credit and Revenue Department.
Procedures for obtaining and applying tax benefits and incentives granted by local and special laws (agriculture, forestry, energy, mining, tourism, free zones, exporters covered by Act Temporary Admission "382", Fisheries, Cooperatives, Industrial Center, Financial, Business subject to regulation of its rates by the State, supermarkets, etc.).
o Procedures and assistance in conducting transactions or positions of Agricultural Commodity Exchanges authorized bags; (Settlers, Livestock, Dairy, cheese, rice, coffee farms, Maniseros, Veterinary Pet food distributors, Agrochemicals and Fertilizers Dealers, Traders of bags for use agricultural farmers in general, etc.).
Defense (litigation) and Assistance in tax audits.
Due Diligence Tax.
Mergers and Acquisitions.
Regulatory framework for new business and foreign investment in Nicaragua.
Seminars and trainings tax legislative, commercial, social security and business in general.
