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  • Taxation

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    Israel Mora
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    We have the most expensive gas in Nicaragua because the government levies three different taxes on gas. Cheap labor costs attract investors to set up in Nicaragua's free trade zones, where they are then taxed for producing products. While Nicaragua generally has relatively affordable real estate prices compared to other Central American countries, property prices have become less cheap recently due to social unrest and protests against the president.

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    We have the most expensive gas in Nicaragua because the government levies three different taxes on gas. Cheap labor costs attract investors to set up in Nicaragua's free trade zones, where they are then taxed for producing products. While Nicaragua generally has relatively affordable real estate prices compared to other Central American countries, property prices have become less cheap recently due to social unrest and protests against the president.

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    © All Rights Reserved
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    5 views1 page

    Taxation

    Uploaded by

    Israel Mora
    We have the most expensive gas in Nicaragua because the government levies three different taxes on gas. Cheap labor costs attract investors to set up in Nicaragua's free trade zones, where they are then taxed for producing products. While Nicaragua generally has relatively affordable real estate prices compared to other Central American countries, property prices have become less cheap recently due to social unrest and protests against the president.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    1. Why do we have the most expensive gas in the region?

    2. Do hand labor in Nicaragua makes us more attractive to investors? How is it related to


    taxation?
    3. Is it cheaper to buy a property here in Nicaragua than any other country in Central
    America/Latin America? 

    1. We have the most expensive gas in the region because of three different taxes the
    government puts into the gas. “Impuesto Específico Conglobado (IEC), el Impuesto
    Especial para el financiamiento del Fondo de Mantenimiento Vial (Iefomav) y el
    impuesto destinado al Instituto Nicaragüense de Energía(INE)”

    2. Yes, the cheap hand labor attracts investors. Since the hand labor is very cheap
    many big companies here to the zona francas and produce their products in Nicaragua.
    Since it is produces in Nicaragua, the country charges the investors a tax for producing
    their products here.

    3. It is said that Nicaragua has the cheapest real estate in the region. Because of the
    actual protests versus the president.

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