Will Nicaragua make me pay income tax on money I earn in Nicaragua?

I've 'semi-retired' here in Nicaragua, since I was an investor in the Gran Pacifica Golf and Beach Resort and decided to work in Central America.  The income I earn in Nicaragua is taxable, and the company retains and sends to the local 'IRS" 10.5% of my earned income from home and lot sales.

 

I receive an exclusion of over $94k from the USA IRS, but I report all the income earned.... dividends, interest, etc.  Then I receive a dollar for...

I've 'semi-retired' here in Nicaragua, since I was an investor in the Gran Pacifica Golf and Beach Resort and decided to work in Central America.  The income I earn in Nicaragua is taxable, and the company retains and sends to the local 'IRS" 10.5% of my earned income from home and lot sales.

 

I receive an exclusion of over $94k from the USA IRS, but I report all the income earned.... dividends, interest, etc.  Then I receive a dollar for dollar credit to the taxes paid here in Nicaragua.

 

I pay regular taxes in the states for passive income...interest, dividends, but have not paid any taxes in Nicaragua on this income.

 

So....

And.....

I am not a tax guy....except to pay them!!!

Yes, if you live in Nicaragua, you will be taxed on the income you earn in Nicaragua here as a corporation.  You'll pay corporate taxes and you also pay personal income tax. Nonetheless, taxation is not as grave as it is in the States. 
 
For example, tax rates here in Nicaragua generally start at around 15% and depending on your range of income, it tops off about 45%. And that's the only significant tax you have to pay. There are city taxes but they’re around...

Yes, if you live in Nicaragua, you will be taxed on the income you earn in Nicaragua here as a corporation.  You'll pay corporate taxes and you also pay personal income tax. Nonetheless, taxation is not as grave as it is in the States. 
 
For example, tax rates here in Nicaragua generally start at around 15% and depending on your range of income, it tops off about 45%. And that's the only significant tax you have to pay. There are city taxes but they’re around 1%, and there are also Social Security taxes for when you have employees.
 
However, in Nicaragua there a lot of write-offs and a lot of exemptions that you could use that helps to reduce your tax liabilities. In the end, taxes here in Nicaragua never get high as in the US.  That's the reason why I have a lot of my clients. They love being here because of that. Yes, they have to pay taxes but it's nothing like what they pay in the States. It’s very feasible for an American to open a business in Nicaragua and pay lower taxes than in the US.

 

(English as a second language teacher, Nicaragua, pictured.)