IGIC
IGIC stands for the Impuesto General a las Ventas, which translates to General Sales Tax in English. It is a consumption tax levied on the sale of goods and services within the territory of Nicaragua. The tax is applied at various stages of production and distribution, ultimately aiming to be borne by the final consumer.
The standard rate of IGIC in Nicaragua is 15%. However, there are certain goods and services that
Businesses registered for IGIC are required to collect the tax on their sales and remit it to
The IGIC plays a significant role in Nicaragua's public revenue collection, contributing a substantial portion to