Nicaragua published its tax reform law (Law No. 987) in the Official Gazette on 28 February 2019 with subsequent notices and decrees issued for the implementation of certain aspects of the reform. Some of the main changes include:
- Changes in the alternative minimum tax (AMT) for companies from a set 1% tax for all companies to the following rates on monthly gross income:
- 3% for large taxpayers (2% if engaged in qualifying fishing activities on the Caribbean coast of Nicaragua)
- 2% for princip…