Tax in Honduras
Aguilar Castillo Love's practice is highly regarded for its advice on the tax aspects of corporate deals and the financing of energy projects. Other areas of strength are the tax issues surrounding employment law, international trade, and import and export matters. High-profile clients include Cementos Argos, Vestas Mediterranean and Bank of America. Grupo Pantaleon instructed the group to assist with the tax planning aspects of a potential sale of shares in the sugar industry, which included the review of tax compliance obligations. The team also acted for Infarma in tax matters, further to its acquisition of shares and merger with local companies. On the contentious side, the practice represented Cementos Argos, a producer of cement and ready-mix concrete, in two audit-related tax disputes that involved corporate income tax, VAT and withholding tax obligations. Enrique Rodríguez Burchard and Juan José Alcerro Milla are experts in tax planning, domestic taxation and tax litigation. Associate Víctor Alejandro Martínez is experienced in tax law matters, including customs issues.
Arias regularly provides tax law advice to clients based in Honduras' free trade zones as well as beneficiaries of other special tax regimes, including the manufacturers of export goods. The team also fields experts in the tax aspects of renewable energy deals. Operadora Portuaria Centroamérica, an International Container Terminal Services subsidiary, and Hanesbrands are active clients. The team assists American Pacific, a subsidiary of Ascendant Resources, with ongoing tax law advice in relation to its mining activities, including contentious issues; and advises medical technology company Halyard Health's local Honduran subsidiary, AVENT, on tax matters, including fiscal benefits and filings before the administrative tax authority. Honduras office managing partner Evangelina Lardizábal heads the department which includes notable associate Claudia Midence.
Consortium Legal's tax legal practice covers general tax consultancy, national, regional and international taxation, tax audits, disputes, and the tax aspects of M&A, corporate reorganisations and estate planning. Senior partner Armando Manzanares is currently the director of the tax and administrative law practice; he regularly assists significant national and international companies with their tax matters.
BLP 'has the highest ethical standards, is customer-oriented and committed to delivering'. The practice focuses on the defense of tax payers before the tax authorities and courts, strategic fiscal planning for businesses, and tax and customs law opinions. The client list includes Pacific Solar Energy, Sersa, Asociación Goal Internacional, Alimentos Maravilla, Oxfam and Regal Springs. Other clients include solar energy provider Scatec Solar Honduras, whom the group advised on income tax, net asset and sales tax exonerations, and customs law. Lillian López is noted for tax advisory and planning work for free zone companies, and Jorge Brizuela's tax practice includes litigation, adjustment oppositions, planning, special regimes, and tax exonerations and credits. Fernando Gómez is the associate to note.
CENTRAL LAW's tax team advises local and multinational companies from a broad range of sectors, with the renewable energy and mining sectors as particularly busy areas. The practice fields experts in tax compliance, transfer pricing and taxation structures. Recent highlights include acting for international audit, tax and consulting firm Moore Stephens in relation to a shipping company's tax affairs. The key contacts are Jesús Humberto Medina Alva and Claribel Medina De León.
García & Bodán's tax work covers tax planning for the multinational operations of companies in the telecoms, energy, mining, oil and gas, finance, logistics and construction sectors. Other areas of strength include the administrative defence of tax adjustments, tax disputes, customs issues, tax-efficient corporate structures, tax compliance obligations, transfer pricing, and direct and indirect taxation. Active clients include Aerovías de México, Grupo Monge and Software One. The team advised global call centre services company Knoah Solutions on obtaining authorisation to operate as a free trade zone company and on the qualifying requirements for income tax breaks and import tariff exemptions. Managing partner Vanessa Oquelí is the key contact.
Bufete Gutiérrez Falla & Asociados
Bufete Gutiérrez Falla & Asociados' tax practice acts for significant clients such as Pinkerton, Compassion International, TMS Global and Swissport. Other clients include The Church of Jesus Christ of Latter-Day Saints which entrusted the group with its tax restructuring, including advice on appropriate tax exemptions and tax benefits. Senior associate Julia Sandoval heads up the tax group.
Latamlex / Matamoros Batson y Asociados
Latamlex / Matamoros Batson y Asociados is experienced in advising on the tax aspects of acquisitions of local and foreign businesses, investment-related taxation, strategic fiscal planning, and representation before the tax and legal authorities. Paul Handal and Dennis Matamoros Batson are the principal contacts.
Bufete Melara & Asociados
Bufete Melara & Asociados' tax group focuses on company restructuring, project finance, asset sales, foreign investment projects and business acquisitions. The team also advises on income tax, net asset taxes and sales taxes, and regularly acts for for non-profit entities. Managing partner Oscar Melara is the principal contact.