Several amendments to the income tax are introduced by Law No. 822 published in the Official Gazette of 17 December 2012 and in force as of 1 January 2013. The main amendments include a new permanent establishment concept. The concept of permanent establishment (PE) is introduced. It generally resembles the OECD Model, but without reference to a "fixed" place of business and the exclusion of preparatory or auxiliary activities. Permanent establishments of non-residents are subject to tax on their Nicaraguan-source income under the general rules applicable to resident legal entities. The PE is defined as follows: 1.   PE is the place...