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What is capital extraction and how is it addressed in the prevention of money laundering in El Salvador?
Capital extraction refers to the illegal transfer of funds or assets out of the country to evade taxes, hide illicit profits or circumvent financial regulations. In El Salvador, measures have been implemented to prevent and detect illicit capital extraction, such as monitoring international transactions, cooperation with other countries and strengthening controls on exchange operations and transfers of funds.
What are the tax implications for real estate transactions in the Dominican Republic?
Real estate transactions in the Dominican Republic are subject to specific taxes and regulations. When acquiring a property, taxes must be paid such as the Real Estate Transfer Tax (ITBI) and registration taxes. In addition, owners of real estate are subject to the payment of the Real Estate Property Tax (IPI). It is important to consult legal or tax advisor to understand the specific tax implications.
What are the legal restrictions for seizing properties intended for housing in Guatemala?
Guatemalan legislation establishes restrictions on seizing properties intended for housing. The Civil and Commercial Procedure Code includes provisions that protect the family home from seizure in certain cases, prioritizing the stability and protection of the home. However, these restrictions may vary depending on the nature of the debt and the specific circumstances of the case.
What is the Honduran government's policy regarding the promotion of entrepreneurial culture and support for small and medium-sized businesses (SMEs)?
The Honduran government's policy is to promote entrepreneurial culture and provide support to small and medium-sized businesses (SMEs). Training and business advice programs have been implemented, lines of credit and preferential financing have been established for SMEs, the processing and regulation for business creation has been simplified, innovation and the development of entrepreneurship has been promoted, and established public-private alliances to strengthen the entrepreneurial ecosystem in the country.
What is the retention period for financial records related to PEP in Panama?
PEP-related financial records must be maintained for a specific period of time, in accordance with records retention regulations.
What is the function of awards in a labor lawsuit in Mexico?
Awards are decisions issued by the labor court at the end of a labor trial. These awards resolve the issues raised in the lawsuit, establishing the responsibilities of the parties and the corresponding compensation. The awards are legally binding and must be followed.
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