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  • TAX RELIEF IN CENTRAL AMERICA

    Content Types: ArticleRegions & Countries: Costa RicaGuatemala...Services: Tax
    The Superintendence of Tax Administration (Resolution Number SAT-DSI-280-2020), agreed to disable from March 24, 2020 to April 14, 2020, except that due to the effect of Covid-19 it is required to extend the measure, the dates for compliance with tax obligations. Therefore, with said disqualification, the SAT will not be able to carry out inspection and verification procedures, nor will it require the taxpayer to fulfill its obligations.
  • Morgan & Morgan advised the shareholders of Unity Group in a corporate restructuring and subsequent sale of its business to Willis Europe B.V.

    Content Types: ArticleRegions & Countries: BahamasCosta Rica...Services: Legal
    Morgan & Morgan advised the shareholders of Unity Group, a holding company with subsidiaries engaged in insurance brokerage in Central America with operations in six countries (Panama, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua), in a corporate restructuring and subsequent sale of its business to Willis Europe B.V., a company incorporated under the laws of the Netherlands and a subsidiary of Willis Towers Watson (NASDAQ:...
  • PowerChina backs Costa Rica's USD 1bn MegaTerminal port

    Content Types: ArticleRegions & Countries: ChinaCosta RicaIndustries: Logistics & Transportation
    PowerChina International Ltd will arrange debt financing as EPC contractor on Costa Rica’s USD 1 bn MegaTerminal of the Atlantic, this news service understands.
  • Costa Rica: Milestones for Clean Energy

    Content Types: ArticleRegions & Countries: Costa RicaIndustries: Clean EnergyEnvironment
    Costa Rica announced in March 2015 that it ceased using fossil fuels in December 2014, and that renewable energy sources had accounted for its entire power supply for 75 days. This signifies that Costa Rica has become the first country in the world to demonstrate long-term reliance on renewable energy in lieu of fossil fuels. According to a report released by the Costa Rican Electricity Institute, Costa Rica will not need to use any fossil fuel...
  • Costa Rica: new regulations governing the payment of tips

    Content Types: ArticleRegions & Countries: Costa RicaServices: LegalEmployment & Immigration
    The Official Gazette, the official journal and publication of the government of Costa Rica, recently published the Ministry of Labor’s new regulations on the tipping laws, which regulate the payment of tips to restaurant waiters, waitresses, and busboys.  Following are important regulations to bear in mind when implementing a tipping policy.

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