Nicaragua Revokes Tax Exemptions for Religious And Non-Profit Organizations

Nicaragua published Law No. 1212 in the Official Gazette on 22 August 2024, which amends Law No. 1115 on the regulation and control of non-profits, Law No. 1040 on the regulations of foreign agents, and Law 822, the tax concertation law. The amendments essentially eliminate tax exemptions for existing religious and non-profit organizations along with the introduction of a new requirement that …
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