Global

Details

  • Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 4/19/2013

Nicaragua - Transfer pricing rules effective beginning 2016 

April 19:   Transfer pricing rules, enacted as part of Nicaragua’s tax law in late December 2012, are not effective until 1 January 2016.

The transfer pricing measures included as Article 93 of Ley No. 822, Ley de Concertación Tributaria are:


  • Transfer pricing—a new concept—regulating transactions between related parties and certain acquisitions
  • Five transfer pricing methods—comparable uncontrolled price, cost plus, resale, profit sharing, and transactional net margin methods

Another provision addresses permanent establishments (Article 8) and lists head offices, branches, representative offices, factories, workshops, mines, oil and gas wells, quarries, and construction projects and business consulting services provided for more six months as examples of permanent establishments.


Read a 2013 report (English) [PDF 241 KB] or a 2013 report (Spanish) [PDF 284 KB]: Ley No. 822, Ley de Concertación Tributaria



For more information, contact a tax professional with KPMG in Nicaragua or with KPMG’s Americas Center in Miami:


Joaquín Núñez

(505) 2274-4265


Reina Gonzalez

(505) 2274-4265


Marco Banuelos

(305) 341 6424



Or contact a tax professional with KPMG's Global Transfer Pricing Services.




©2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

Share this

Share this

Subscribe

Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)


Already a Subscriber? Login


Not a member? Subscribe now

Contact us