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Latin America Investment News on Viva Tropical

Honduras Taxes Bank Withdrawals

Article Summary:

April 20, 2012 sets the start date for Honduran banks to begin charging a withdrawal tax on its customers. For every 1,000 lempiras withdrawn, bank customers will be charged a 1.50 lempira fee. The revenues raised by the tax are to be used by the Honduran government to fight crime.

Photo Credit: El Heraldo

Original Article Text From El Heraldo via Google Translate :

Honduras: Security Act takes effect

April 20, 2012 is the date set for banks begin to charge a 1.5 thousand transactions. For example, for every 1,000 lempiras to withdraw will be charged to bank customers 1.50 lempiras.
A financial transactions of withdrawals and transfers of funds to be made from this week in the country’s financial system will apply the security tax. On April 20, 2012 is the date set for banks begin to charge a 1.5 thousand transactions.

For example, for every 1,000 lempiras to withdraw will be charged to bank customers 1.50 lempiras.The director of the Honduran Council of Private Enterprise (COHEP), Armando Urtecho, said that between August 2011 and March 2012 was raised about 40 million lempiras.

This charge is already applied to casinos, fast food, mining and mobile phones.The government estimates that implementing this temporary law are raised 1.500 million lempiras annually. The funds will be administered by a trust to finance the fight against crime. The bank fears a rapid withdrawal of deposits by this law.

Link to Original Article:

From El Heraldo

Latin America Investment News on Viva Tropical