Business regulations refer to the rules and laws established by government authorities that govern how businesses operate within a specific jurisdiction. These regulations are designed to ensure fair practices, protect consumers, maintain public order, and promote competition. They can encompass a wide range of areas, including labor relations, environmental protection, health and safety, taxation, and consumer rights. Businesses must comply with these regulations to legally operate and avoid penalties. Regulations can vary significantly depending on the industry, location, and size of the business. Overall, business regulations aim to create a structured environment where businesses can thrive while safeguarding the interests of stakeholders and the community.
The tax system in Honduras, managed by the Servicio de Administración de Rentas (SAR), includes individual and corporate income taxes. Residents pay taxes on global income, whereas non-residents are taxed…