Information Sharing Obligations

To comply with international law obligations on information exchange, Próspera ZEDE must have communication channels with the National Banks and Insurance Commission (CNBS). The terms of information sharing were set out by the Roatán Financial Services Authority (RFSA) via Administrative Action No. 02/2022 “RIFC-CNBS Information Sharing Accord”. Under international law, the Republic of Honduras communicates to its international partners which of its public institutions will coordinate the international information exchange processes and requests. For the financial services industry, this entity is the CNBS[1]. In addition to the AMLFT treaties, the following treaties and agreements regulate international information exchange for tax purposes:

  1. Agreement between the Government of the United States of America and the Government of the Republic of Honduras for the Exchange of Information with Respect to Taxes (1990)[2];
  2. Agreement between the Government of the United States of America and the Government of the Republic of Honduras to Improve International Tax Compliance and to Implement FATCA (2014)[3];
  3. Convention for Mutual Assistance and Technical Cooperation between the Tax and Customs Administrations of Central America (2006)[4].

The CNBS and the IRS have negotiated a “Competent Authority Arrangement Between the Competent Authorities of The United States of America and The Republic of Honduras” with unconfirmed status[5]. Honduras is not a party to the OECD Convention on Mutual Administrative Assistance in Tax Matters[6], but has become a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes since 2019[7]. Through the ISA between Próspera and the CNBS, the CNBS should be able to access and get reports from financial institutions operating within Próspera ZEDE.


[1] https://www.ccichonduras.org/website/Descargas/LEYES/LEYES_MERCANTILES/DECRETO_PCM016-2014_ACUERDO_FATCA.pdf

[2] https://www.sar.gob.hn/download/decreto-115-91-no-26556-del-30-de-septiembre-de-1991-contentivo-del-convenio-de-intercambio-de-informacion-tributaria-entre-el-gobierno-de-honduras-y-el-gobierno-de-los-estados-unidos-de-america/; FATCA Compliance Guide for Financial Institutions: https://www.cnbs.gob.hn/fatca/

[3] https://www.cnbs.gob.hn/files/superbancos/fatca/Decreto%20Legislativo%20No.%20107%20-%202014.pdf; https://home.treasury.gov/system/files/131/FATCA-Agreement-Honduras-3-31-2014.pdf

[4] https://cosefin.org/download/convenio-de-asistencia-mutua-y-cooperacion-tecnica-entre-las-administraciones-tributarias-y-aduaneras-de-centroamerica/. Though it is the Tax and Customs Administrations that will communicate and exchange information under this treaty, the Honduran Tax Code provides that all financial information required by the Tax Administration will be requested through the CNBS.

[5] https://www.irs.gov/pub/irs-utl/hondurascompetentauthorityarrangement.pdf

[6] https://www.oecd.org/tax/exchange-of-tax-information/Status_of_convention.pdf

[7] https://www.oecd.org/tax/transparency/who-we-are/members/