Nicaragua To Remove 35 Percent Tax On Colombian Goods
by Mike Godfrey, Tax-News.com, Washington
02 March 2017
Nicaragua is planning to repeal a 35 percent tax that it imposed on products from Colombia, introduced in 1999 as part of a territorial dispute.
President Daniel Ortega has requested that the National Assembly remove the tax, which is levied specifically on Colombian products.
Nicaragua imposed the tax on imports from Colombia and Honduras after the Ramirez-Lopez treaty granted the countries territory claimed by Nicaragua in the Caribbean Sea.
The tax was repealed for Honduras in 2003.
Business groups said that removing the tax would boost the country's economic competitiveness.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Ireland Succumbs To Election Fever... »
- Reforms Continue Apace, Offshore Centers Muscle In... »
- Festive Break? Not so much... »
- How to start a business in Wyoming? »
- Election Ends British Brexit Battle »
- Open A Corporate Bank Account in Hong Kong - Guide »
- North America Presses On With Tax Reforms »
- Digital Take Center Stage... »
- Budgets Bypass Manifestos, Manifestly »
- Reforms Continue Apace... »