This law reinstates the Tax on Corporations that had been eliminated in 2015 by the Constitutional Court. It still needs to go through the corresponding constitutionality consultation and approval in second debate in Congress.
Continue reading “New Tax on Corporations Law gets initial approval in Congress.”
On December 23, 2016, Executive Decree number 40090-H was published establishing the new brackets for the payment of the Luxury Home Tax (Solidary Tax) for the year 2017. Continue reading “New brackets for luxury home tax for 2017 have been announced”
Modification of the Real Estate Property Transfer Tax Law came into effect on September 28, 2012.
On September 28th of this year (2012), the new Law on Tax Management Improvement (Law number 9069) was published on the Official Newspaper (La Gaceta). This new Law has established very important changes on several matters related to taxes. Continue reading ““Indirect Transfers” of real estate properties shall pay Transfer Tax.”
Fine will be equivalent to the amount of tax not paid.
The new Law on Tax Management Improvement has established a new fine for those property owners that do not fulfill their obligation to present the value base declaration for their properties. Continue reading “Property owners that do not present value base declaration will be fined”