Analyze together with the experts, the most recent reforms on fiscal laws in the Dominican Republic Cafta countries and its impact on compliance of fiscal requirements.

Objective. To update information about the fiscal laws in each of the countries of the region and solve doubts related to the compliance of formal requirements, deductions and other related to payroll taxes.

Addressed to: managers, supervisors and operators to who fall the responsibility of managing the accounts payable, approve invoices and carry out accounting entries from a regional share service, for every country.

Find out here: Where is it going to? The fiscal compliance in each country.

Methodology

The course will take place during 6 consecutive Wednesdays, from 4pm to 7:30pm.

Each Wednesday we will talk about a different country. The subjects will be treated by fiscal experts of each country.

Date and Location

It will take place at Hotel Real Intercontinental.  Starting from June 23^th until July 28^th, 2010.

Registration Form

cforms contact form by delicious:days

More information or registrations:

Call us at 2528-3300 with Jimmy Alpizar, or to the e-mail: jalpizar@icsconsultores.com

Patrocinan

These guides contain facts on tax rates, corporations, economy, labor laws, etc and will allow you to get an idea of the business culture and environment in each country.  If you want further information on doing business in any of the countries Contact us.

• Signature South Consulting is the leader in providing solutions of electronic Exchange of documents based on the Digital Signature; such as, the Electronic Invoicing.
• The company was born in Chile in 2001, the first Latin American country that has implemented a model of Tributary Electronic Documents.
• Operates in 7 countries: Chile, Mexico, Brazil, Argentina, Guatemala, Costa Rica and Colombia.
• Has more than 2.000 clients using the solutions of Signature and strong orientation of clients who use market ERP.

• More than a 1.000.000 of Tributary Electronic Documents trafficked on a daily basis through the Signature solutions.

Click here to read the Settlement on the Electronic Invoice from the Tax Administration

Click here to learn more about the Electronic Invoice and Signature

Plan for the future; plan for the present.

Planning for the future is a fundamental thing for companies to transcend, especially for family companies which most work towards its succession.  Nowadays, stating your shares in a last will and testament is not enough, and is something that puts the families’ companies in a dangerous position, not only with regard to their future, but also with regard to their present performance. Structuring companies correctly not only implies significant savings in taxes, but also guarantees a correct transition to the next generation, and helps ensure that the objectives of the founders are achieved.

Daughter-in-laws and son-in-laws as managers? Sons and daughters as beneficiaries?

The businessman can not control who is next in the succession line. He also cannot control the decisions about the individuals his sons or daughters marry; but he can ensure, for instance, that professionals will always direct the company, and that the benefits will be shared with his successors, according to certain rules.

What should be done?

Following good international business practices, the first thing to do is to put the financial statements in order (for example, capitalizing on retained earnings, auditing the company, and reconciling and dealing with accounts receivable to shareholders). After that, the company’s social pact should be modified, the obligation of signing marriage settlements should be established, and a shareholder’s agreement should be made outside of the company’s constitution. Finally, international business structures should be created in countries that are reliable and have liberal trade legislation.

Problems in Costa Rica and the Region.

Much of our legislation declares the shareholders agreements as invalid, or rests its legal validity as these are not part of the companies’ constitutive pact. So, what should be done? We should look offshore. But, what if the shareholders are as conservative as the tribunals are? These are some of the arguments we have to encourage you to consider:

As time goes on, companies grow and consolidate themselves in the market.However, on many occasions the legal structures of companies stretch across one or more companies in which they do business.

This situation causes a company to grow with a disorganized legal structure that produces multiple negative consequences:

a)     Shares are not issued to each of the shareholders (family members).

b)     The owners of each of the companies are persons, it means, they are shareholders of the companies directly and at personal title.

c)      Involving the patrimony not related to the company, to the family business responsibilities.

d)      Lack of rules that help conflict solving between the family members, as well as between the family and the company.

e)     Generational succession in the family business administration is not clearly defined.

f)       Continuity of the company as a family company is in danger.

g)     Lack of information and ignorance of the rules that control the corporate government of the company.

Or what if an administrator commits fraud?

• How can the family shareholders be sure that responsibility is assumed and guaranteed?
• Can any administrator of your company participate as a partner, administrator or manager of another firm that does business in the same industry as your company?
• Can this administrator, also, on his or her own, or on behalf of somebody else, carry out another activity that competes with your company?
• What happens if one of the shareholders gets divorced without any resolution of the matter of the joint property?
• Do you know what a shareholders agreement is?

Matters for shareholders to consider are:

• Do you know if your shares can be impounded?
• What happens if you do not have shares legally issued and a shareholder dies or becomes disabled today?Can your partners sell or put in guarantee his or her shares to any third person without the authorization of the rest of the shareholders?And if so, then at what price?
• Can you exclude a partner who has been “unfaithful” or disloyal to the company? Or someone who has participated behind your back with the competition? Or who has revealed secrets that are stated in a clause of confidentiality?

What we could accomplish if we “clean up the house”:

a)     Keep the property of the family business in the family.

b)     Prepare the next generation for the administration of the family business.

c)      The process of adopting the rules, strengthen the family bond, and get the family together.

d)     Get the members of the family to know and to understand better the family business.

e)     Adopt family rules for solving conflicts that might occur between the membersof the family, and between them and the Business Group.

f)       Distribute the work between the members of the family, assigning them to fields where they can be autonomous and specified.

g)     Manage the firms in a centralized and coordinated way from the holding.

h)    Adopt the relevant decisions of all the firms in one single board of directors: the one of the holding.

i)       Isolate different risks, with the objective of avoiding the situation of non-business assets being affected by the results of the business activity.

j)       Give the companies a group image.

k)     Keep the anonymity of the real shareholders.

l)       Pay less tax without breaking the law.

ICS Consultores would like to talk to you about initiating this process.

ICS Consultores has the steps and procedures for you to follow in order to start processes of consideration, evaluation and other actions which will help your organization keep “shining like a bright star” for 100 years more.

We invite you to listen to the next interview with two of our experts and regional partners. In this interview, they summarize fundamental aspects of our processes for helping family owned companies. Without any obligation, we can visit you and talk about your future–better yet–your present and the way in which you wish the benefits of your company to be distributed, and your accomplishments multiplied.

Gente Gerente Interview

Special Guest: Ricardo López, Family Business Groups Specialist.

Topic: Family Business Organization and Planning.

This audio is recorded is Spanish and all rights are reserved.

ICS Consultores is the proposal for growth of our business partners. Therefore, to us the continuous growth of our employees is something highly important.  We are sure that if our staff grows in knowledge and abilities, ICS Consultores and its clients grow together.

We invite you to submit your Resume in order to be a step closer to be part of the innovation and well done and on time service ICS Consultores provides to its clients.

ICS: Capable and in continuous development professionals.  Be part of our journey to the stars.

Submit your Resume here.

Focus your resources in developing your business and transfer to our specialists the complete management of the associated Risk related to payroll preparation.

Benefits to our clients:

• No more salary payments or employer’s contributions.
• Less workspace needed.
• No need to spend in Software and Hardware.
• Savings in depreciation or substitution of equipment.
• Better control and supervision of the process.
• We guarantee the payroll payment the day established.
• Satisfied employees (well calculated payroll).
• We assure a quick attention to your questions.
• Vacations Control.
• Severance payments.
• Interfase for solidarity associations.
• Emission of Proofs of salary.
• Emission of employment actions.
• Important contacts with Pension Operators.
• Exclusive and immediate attention to each client.
• Support for employees queries.
• We support you when applying the Costa Rican Labor Laws.

Monthly Reports:

• Monthly close payroll.
• Deductions Report.
• Report of Salaries to the Social Security (CCSS).
• Report of Salaries to the insurance company (INS).
• Report of Salary tax.
• Reports and Accounting files.
• The accumulation of salaries:
  • 13th month and annual close.
  • Annual close of the Income Tax.

For more information about how we can help you, please Contact us.

These manages are a great resource to learn from and provide a different viewpoint due to their years of experience in large companies.

Gente Gerente Interview July 28th, 2010:

Special Guest: Gabriel Hollness, Member of Baker Tilly Panama.

Topic: Panama: Tax View and Economics Perspectives.

This audio is recorded in Spanish and all rights are reserved.

Gente Gerente Interview July 21, 2010:

Special Guest: Jorge Galvez, General Manager Central America Ops., Recalcine.

Topic: Experience in the development of investment in the region.

This audio is recorded in Spanish and all rights are reserved.

Gente Gerente Interview July 14rd 2010:

Special Guest: Facundo Zamora, General Manager Multimodal.

Topic: Rules of origin and new challenges and edges of international trade.

This audio is recorded in Spanish and all rights are reserved.

For more information on Gente Gerente or to join us, please Contact us at gentegerente@icsconsultores.com.

No boundaries  limit us: We provide both local and regional expertise in tax and legal aspects of payroll, consultancy on compliance with tax obligations, deductions, tax registration, expenses and income, revise your draft statements and evaluate all manners of consultation on taxation of all Latin American Countries.

In addition, we offer a service that can be very useful for parent companies: if you are looking to play a supervisory role to a sister company or outsourced department, with ICS we have a control panel by where you can monitor the goings on within your company and also know if all your companies throughout Latin America are up to date with their tax and labor obligations.  This is very useful for multinational companies wanting a big brother approach to managing by numbers.

Does your company have a presence in several Latin American countries? Do you waste time looking for advisors in each country to evaluate your tax questions? Whatever your problem, we can help.  Our daily practice is to give a single response that involves all countries where you have a presence. We do not waste your time giving you individual country responses, you only receive a unified and consistent response, which will generate an added value to your company, allowing you to deal with what really matters,  your business.

We offer to be your point of contact throughout Latin America: Costa Rica, Nicaragua, El Salvador, Panama, Honduras, Guatemala and the Dominican Republic.