BLP – Tax Monthly Review January 2019
SUMMARY OF THE OFFICIAL GAZETTE – December 2018
Law No 9636 – Strengthening of Public Finances
Law No. 9635 – Strengthening of Public Finances, was published and has three important reforms; the first, a complete reform to the General Sales Tax Law, converting it into a value-added tax that will impose tax on all services, with only a few exceptions; the second, the inclusion of a section in the Income Tax Law that imposes tax on capital gains and earnings, as well as other changes in terms of the current income tax treatment; and, lastly, a reform to the Public Administration compensation regime.
(Published in La Gaceta No. 225 of Scope No. 202, of December 4th, 2018)
Suspension of the 2% withholding for Judicial Branch Clerks and Lawyers
In conformity with the Resolution of the Internal Revenue Department, No DGT–R-058-2018 of November 30th, 2018, the application of Resolution No. DGT-R-044-2018 of September 7th, 2018 has been suspended. It imposed the Supreme Court of Justice’s obligation to withhold 2% on the amounts paid to Judicial Branch Clerks and Lawyers.
(Published in La Gaceta No. 234 of Scope No. 213, of December 17th, 2018)
2019 Control Plan
Through Resolution DGT-R-061-2018 of December 7th, 2018, the Internal Revenue Department established that taxpayers in the sectors and economic activities defined in the International Standard Industrial Classification of All Economic Activities (ISIC) of the United Nations, which includes agriculture, livestock production, hunting and forestry, fishery, the manufacturing industry, construction, wholesale and retail trade, hotels and restaurants, financial intermediation, real estate, business and renting activities, education, social services and health, etc.
(Published in La Gaceta No. 233 of December 14th, 2018)
Fiscal amnesty in the matter of taxes managed by the General Customs Office
Through Resolution No. RES-DGA-007-2018 of December 18th, 2018, the General Customs Office established situations in which the fiscal amnesty of administrative taxes managed by the General Customs Directorate apply, as established by the Strengthening of Public Finances Law, allowing payment of all debts related with customs tax obligations of chargeable events that occurred before October 1st of 2017, authorizing an interest waiver and decrease of the corresponding fine.
(Published in La Gaceta No. 236 of Scope 217 of December 19th, 2018.)
Fiscal amnesty in the matter of taxes managed by the Internal Revenue Department
Through Resolution No. DGT-DGH-R-064-2018, the Internal Revenue Department established situations in which the fiscal amnesty of administrative taxes managed by the General Customs Office apply, as established by the Strengthening of Public Finances Law, allowing payment of all debts related with tax obligations of chargeable events that occurred before October 1st of 2017, authorizing the full exemption of interest accrued and decrease of the corresponding fine.
(Published in La Gaceta No. 237 of Scope 220 of December 20th, 2018.)
Base salary update for the year 2019
The Superior Council of the Judicial Branch set the amount of the base salary in ¢446,200 for the year 2019, which serves to calculate several fines and tax parameters, as set forth in the Tax Code.
tax obligations for January 2019
|Date||Type of tax returns to file|
|– D-150 Summary of withholdings made on account of Income Tax.
– D-155 Monthly Statement of summary of withholdings payment on account of sales tax and income tax.
|15||– D-113 Income Tax and Capital Gains from investment funds.|
|– D-103 Withholding Tax
– D-104 General Sales Tax
– D-106 Excise Tax
– D-107 Casinos Tax
– D-114 Single Tax per Fuel Type
– D-117 Tax on Alcoholic Beverages
– D-171 Specific tax on non-alcoholic bottled beverages and toilet soaps
– Tax on Tobacco Products
– Parafiscal contribution for telephone service
– D-179 Solidary tax for the strengthening of Housing Programs
– D152 Annual return summary of withholdings on single and definitive tax
|31||– Payment of corporate tax
relevant tax information
|Current base salary 2019||¢446,200|
|Current interest rate (October 1st, 2018)||13.73%|
|Exchange Rate – BCCR USD reference
(December 31st, 2018)