Standard

15%

Other

Zero-rated and exempt

Nicaragua VAT number format

Businesses in Nicaragua that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Ministry of Finance (Ministerio de Hacienda y Crédito Público), and will follow a certain format. The VAT number format is Taxpayer identification number (RUC).

Nicaragua VAT return periods

Businesses in Nicaragua that are required to collect tax from consumers must file regular tax returns with the Ministry of Finance (Ministerio de Hacienda y Crédito Público) in Managua. Nicaragua's VAT return periods are:

Monthly (two weeks for large taxpayers)

Nicaragua Value-added tax (VAT) Thresholds

These are the revenue thresholds at which businesses in Nicaragua are required to start collecting and remitting tax.

Registration

None

Recovery of VAT by:

non-established businesses

Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Nicaragua are not required to collect taxes from the consumer.

Nicaragua VAT Refunds

Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Nicaragua VAT refund program, more info can be obtained from the Ministry of Finance (Ministerio de Hacienda y Crédito Público).