San Pedro Sula, Honduras – The business sector in Honduras responded favorably to the decision made by President Juan Orlando Hernandez to restructure the Executive Directorate of Revenue (DEI) and develop a new Tax Code to strengthen the collection agency. “I think these actions will rise from 15 to 20 … Read More
Monthly Archives: December 2015
Honduras National Soccer League Team “Olimpia” Tax ID “RTN” Blocked by Tax Collection Agency “DEI”
Just prior to the start of the new Honduras National Soccer League season the capital’s team “Olimpia” gets bad news. They have confirmed that the Executive Directorate of Revenue (DEI) has blocked the soccer club’s “tax id” “RTN” for non-payment of some taxes. “Olimpia is the only team not able … Read More
New Honduras Tax Code Seeks Simplification
Tegucigalpa, Honduras – The new entity, which will replace the DEI, will be composed by qualified professionals who will undergo a rigorous selection process. Although details are not yet known, the revision of decrees, fees and agility in the process are those proposed by the new Honduras Tax Code. With … Read More
Director of Honduras Tax Authority Miriam Guzman: The DEI will not be Privatized
Tegucigalpa, Honduras – Miriam Guzman, head of the Honduras Executive Directorate of Revenue (DEI), stated on Monday December 28, 2015 that the institution will not be privatized and that the organization is not planning layoffs of employees. “The DEI is not being privatized nor is it true that there will … Read More
Honduras Tax Collection Authority “DEI” Exceeds 2015 Collections Target
Tegucigalpa, Honduras – Two years ago it was unrealistic to think about fulfilling the annual tax collection goal in Honduras. Today that lies behind us as for fiscal year 2-15 collections activity has exceeded 100%. As of December 16, 2015 collections amounted to 71,580 million Lempiras approximately $3.2 billion Dollars, … Read More
Honduras Former President Mel Zelaya Opposes Extradition
Tegucigalpa, Honduras. – The former Honduras president and current Congressman Manuel Zelaya Rosales has stated that he is opposed to extraditions. Zelaya stated that he will file a constitutional counter-reform in Congress to return to prohibition of extradition of Hondurans. He said the reform that allows the extradition is a … Read More
Honduras to Abolish Tax Collection Authority “DEI”
Next year will mark a historic moment in Honduras with the restructuring of the Executive Directorate of Revenue (DEI) and develop a new Tax Code, announced Honduran President Juan Orlando Hernandez. With the the creation of a new collection agency where all employees will be vetted confidence testing. “It has … Read More
This One Tiny Honduran Hospital Gives the Power of Healthcare to Thousands
When Luther Castillo Harry left his Honduran homeland for medical school in Cuba, he was breaking new ground as one of the first few members of his ethnicity, the Garifuna people of Honduras, to ever become a doctor. As one of the first few Garifuna students at the Latin American … Read More
$3.7 Billion Dollars Sent to Honduras in 2015 by Family Members Working Abroad
Tegucigalpa, Honduras – Acting President of the Central Bank Manuel Bautista; reported that Honduras has received $3.7 billion Dollars via “Remesas” during 2015. According to Bautista, between January and November, $3.4 billion dollars were received as bank transfers coded as “Remesas” or “remittances”, an 8.67-percent increase, compared to 2014. Bautista, … Read More
Honduras to use Foreign Financing to Help Agriculture Sector
The Government of Honduras “looks back” to agriculture with the aim of reviving the social investment and the agricultural sector, there will be fresh funding for 2016, from international financial institutions such as the Inter-American Development Bank (IDB) Bank, European Investment Bank for Economic Integration (CABEI) and the World Bank. … Read More