🔷 This Monday’s issue of Tax Notes International features an article titled “Tax Justice Bill Stirs Controversy in Honduras”, by Roberto Ramos Obando. This is an article about the Honduran Tax Justice Bill, a four-pronged initiative consisting of (1) the Tax Justice Law, (2) the tax justice constitutional reform, (3) the ratification of the Multilateral Convention on Mutual Assistance in Tax Matters (in Spanish, Convención sobre Asistencia Administrativa Mutua en Materia Fiscal, or MAAC), and (4) the Beneficial Ownership Law.
The author highlights some of the political undertones of this bill, the backstory that motivated tax reform in Honduras, and the challenges of attracting investment in a region of the world surrounded by other players (like El Salvador) that have focused on granting strategic tax benefits to certain industries in recent years. The Latin American Tax Policy Forum (LATPF) has submitted a formal opinion about the Honduran Tax Justice Bill in March of 2023 (available in Spanish here: https://bit.ly/3TCKTi8).
You can find Obando’s article available on Tax Notes (paywalled) here: https://bit.ly/3x2pDcU
If you are interested in the topic of tax reforms in Central America, here is a list of other recently released articles for your consideration:
✅ “Necesidad de una Reforma Fiscal más Equitativa en Republica Dominicana para el Año 2022” (“The Need for a More Equitable Fiscal Reform in the Dominican Republic by Year 2022”), by Juan del Rosario Santana. Available in Spanish at: https://bit.ly/3wXVLOJ
✅ “Industria editorial, reforma tributaria y Covid-19 en Costa Rica” (“Publishing industry, tax reform and Covid-19 in Costa Rica (2018-2021)”), by Iván Molina Jiménez. Available in Spanish at: https://bit.ly/43kpfCy
✅ “Internalizando externalidades: el impuesto a la gasolina en Guatemala” (“Internalizing externalities: Gasoline tax in Guatemala”), by Arturo Antón-Sarabia and Fausto Hernández Trillo. Available in Spanish at: https://bit.ly/3PqAOm1
✅ “Efecto legal y contable de la reforma tributaria publicada en los meses febrero y marzo del año 2019, en las rentas de actividad económica del impuesto sobre la renta (IR) y la enajenación de bienes del Impuesto al Valor Agregado (IVA), aplicable a los clasificados como grandes contribuyentes en Nicaragua” (“Legal and accounting effect of the tax reform published in the months of February and March 2019, on income from economic activity of income tax (IR) and the disposal of assets of Value Added Tax (VAT), applicable to classified as large taxpayers in Nicaragua”), by William Antonio Medina Calderón, Claudio Daniel Mendoza Novoa and Yenery Sulieth Serrano Torrez. Available in Spanish at: https://bit.ly/48TmlG5 🌎
