3 skills across 1 job. Each skill is authored by an accountant; the ones more colleagues stand behind rise to the top.
Source-cited draft: corporate income tax for Nicaragua (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft: tax overview for Nicaragua (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Use this skill whenever asked about Nicaragua income tax (Impuesto sobre la Renta, IR) on employment income — rentas del trabajo. Trigger on phrases like "how much tax do I pay in Nicaragua", "Impuesto sobre la Renta", "IR rentas del trabajo", "retención IR", "IR-122", "IR-106", "annual income tax return Nicaragua", "INSS laboral", "córdoba tax", "DGI", "payroll income tax Nicaragua", "exempt threshold C$100,000", or any question about computing or filing income tax on salary for a Nicaraguan resident employee. Also trigger when preparing or reviewing monthly IR withholding, annualizing a salary to the progressive scale, computing the deductible 7% INSS laboral before IR, or advising on the annual IR-106 filing obligation. This skill covers the progressive employment-income scale (exempt up to C$100,000/yr, then 15/20/25/30%), the deductibility of INSS laboral, monthly withholding via IR-122, the annual IR-106 return, non-resident definitive withholding, and the interaction with INSS. ALWAYS read this skill before touching any Nicaragua income-tax work.