= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2012:
Registering Property:
Nicaragua made transferring property more efficient by introducing a fast-track procedure for registration.
Paying Taxes:
Nicaragua made paying taxes easier for companies by promoting electronic filing and payment of the major taxes, an option now used by the majority of taxpayers.
Enforcing Contracts:
Nicaragua raised the monetary threshold for commercial claims that can be brought to the Managua local civil court, leaving lower-value claims in the local courts, where proceedings are simpler and faster.
DB2011:
Paying Taxes:
Nicaragua increased taxes on firms by raising social security contribution rates and introducing a 10% withholding tax on the gross interest accrued from deposits. It also improved electronic payment of taxes through bank transfer.
Trading Across Borders:
Nicaragua expedited trade by migrating to a new electronic data interchange system for customs, setting up a physical one-stop shop for exports and investing in new equipment at the port of Corinto.