El Salvador signs anti-fraud agreement with Spain

El Salvador has signed an agreement with Spain that's aimed at avoiding double taxation and preventing tax fraud.

Friday, July 11, 2008

"The agreement is a tool that will encourage investments and trade between our countries," said El Salvador's Vice President, Ana Vilma de Escobar.
"With this accord we will avoid paying taxes twice, something that has been a major obstacle in developing business relations."

More on this topic

Guatemala: 14 Years in Prison for Tax Fraud

June 2013

Mario Brol Samayoa has been convicted of money laundering, tax fraud, special case of tax fraud and customs fraud.

According to investigations by the Prosecutor, Brol Samayoa exported gasoline to countries such as Taiwan, Mexico, Honduras and El Salvador, without paying Value Added Tax (VAT). "Because of this fraud the government failed to receive $91 million," according to the Superintendency of Tax Administration (SAT) ".

The Future of Investments in Guatemala

August 2015

In the view of the private sector the decision taken by President Perez Molina to remain in his position contributes to the further deterioration of the country's image, at a time when the economy is showing signs of stability.

Just as the decision by the Public Ministry and the International Commission Against Impunity (CICIG) to conduct an investigation was applauded by the Guatemalan business sector, the president's decision to remain in office has not been well received and has caused deep concern, mainly because of the negative impact it has on the country as a destination for foreign investment.

Costa Rica: Taxation Department with Powers of Seizure

May 2015

A bill to improve the fight against tax fraud authorizes the tax authorities to seize the assets and bank accounts of delinquent taxpayers, without a warrant from a judge.

An article in Nacion.com reports that the Technical Services Department of the Legislative Assembly has proposed a rule that "...

No More Fiscal Embargos Without A Court Order

September 2015

In Costa Rica the bill against tax fraud has removed the power of the tax authorities to collect and put in place embargoes through an administrative decision.

Instead, members of the ruling party will support the proposal that tax debts be resolved in the courts, "... as the Ministry of Finance negotiated with representatives of the National Liberation Front party (PLN), Social Unit Cristian Party (PUSC) and the Libertarian Movement Party. " The only condition imposed by the Citizen Action Party (PAC) is that the requests for embargos be resolved by the courts within a period of 3 working days.

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