Nicaragua Tax Reform for 2015

The law containing Amendments to the Nicaragua Tax Law was approved 10 December 2014, and published 18 December 2014. The main changes include:

• The withholding tax rate on interest, royalty and leasing income derived by non-residents is increased from 10% to 15%
• The withholding tax on employment income derived by non-residents is reduced from 20% to 15%
• The requirement for Nicaraguan VAT payers to self-assess VAT on supplies from suppliers not established in Nicaragua is abolished
• The provis…