Nicaragua Eliminates Tax on Colombian Imports

TODAY NICARAGUA – Goods and services imported from the South American country will no longer incur the “patriotic” tax of 35%, which has been levied since 1999.

From a statement issued by the National Assembly, said: “With the unanimous approval this March 7, of the Bill Repealing the law creating the tax on Goods and Services of Colombian origin or provenance, Nicaragua opens the door to boosting investment and improving the business climate between the two countries.

Strengthening trade relations between Nicaragua and Colombia and regional integration, will also be favored with the elimination of the 35% tax on any imported good or service, manufactured and assembled with Colombian origin or provenance.”

The Nicaragua government introduced the repeal of the tax on February 21 of this year.

This tax was approved in the context of the territorial disputes between Nicaragua and Colombia on any goods and services imported, manufactured and assembled with derivation or origin from Colombia.

The patriotix tax was also levied against Honduras. However, years ago the tax was repealed against the Central American neighbour.


Since you are here …

… we have a small favor to ask. More people are reading Q COSTA RICA more than ever but advertising revenues across all media channels are falling fast. And unlike many news organizations, we haven't and will never put up a paywall – we want to keep the Q open always. So you can see why we need to ask for your help. Updating reports on Q COSTA RICA demands a lot of time, money and hard work. But we do it because we believe our reports matter. To everyone who reads Q COSTA RICA, who likes it, help to support it by clicking our ads.

Do you part, click on an ad today.




Costa Rica's private transportation services AVANTI Costa Rica. Discreet and reliable service.

If you enjoyed this article please SHARE IT! (use share buttons).

WHAT ARE YOUR THOUGHTS?
Post your comments below or to our official FACEBOOK page.

Article originally appeared on Today Nicaragua and is republished here with permission.