The International Monetary Fund (IMF) is to send a team of experts to Honduras in early March to review the tax exemptions employed by the Government, the head of the Executive Directorate of Revenue (DEI), Miriam Guzman, said. Guzman said that tax exemptions, which are used to attract investment in certain sectors and to stimulate […]
The business sector in Honduras responded favorably to the decision made by President Juan Orlando Hernandez to restructure the Executive Directorate of Revenue (DEI) and develop a new Tax Code to strengthen the collection agency. “I think these actions will rise from 15 to 20 points the competitiveness indices,” says Aline Flores, president of the […]
Tegucigalpa, Honduras – Just prior to the start of the new Honduras National Soccer League season, the capital’s team, “Olimpia” gets bad news. They have confirmed that the Executive Directorate of Revenue (DEI) has blocked the soccer club’s “tax id” “RTN” for non-payment of some taxes. “Olimpia is the only team not able to collect […]
The new entity, which will replace the DEI, will be composed of qualified professionals who will undergo a rigorous selection process. Although details are not yet known, the revision of decrees, fees, and agility in the process have been proposed for the new Honduras Tax Code. With the new legislation, which was announced by President […]
Two years ago it was unrealistic to think about fulfilling the annual tax collection goal in Honduras. Today that lies behind us as fiscal year 2015 collections activity has exceeded 100%. As of December 16, 2015 collections amounted to 71,580 million Lempiras (approximately $3.2 billion Dollars), which means a 6,881.2 million Lempira or approximately $306.5 […]