Employers are Demanding Fiscal "Fair Play"

In Honduras, representatives from private companies request that the names of 34 large taxpayers who are allegedly evading paying their taxes be made public.

Wednesday, June 13, 2012

The president of the Honduran Council of Private Enterprise (COHEP), Aline Flores, has called for the publication of the names of large companies that are allegedly evading their tax obligations. "We will not allow 34 companies to stain the name of more than 620 companies who are major contributors", said Flores.

In a statement from the Executive and Revenue Department (DEI in Spanish) the head of the Executive and Revenue Department (DEI), Enrique Castellón, announced that in the next few days he will meet with the directors of COHEP to discuss the possibility of publishing the name of these companies.

"There are some legal limitations, expressed by our legal department, but I agree in principal, if the law allows us to do so, we will convene a meeting with the Cohep to seek agreement", he explained. "But of course, the Law on Income Tax in Article 39 says that it is strictly forbidden in any way disclose the contents of the taxpayer’s statements", said the official.

More on this topic

Honduras: Tax Audit for Large Companies

July 2014

An announcement has been made that 34 large companies suspected of tax evasion will be audited by foreign experts.

From an article on the web site of the Department of Revenue (DEI by its initials in Spanish):

International auditors to monitor 34 large companies that are evading the DEI

Anti-evasion Law Creates Controversy in Honduras

April 2011

Businesses complain that the new law will give unlimited power to tax authorities to seize companies's information.

Armando Urtecho, director of the Honduran National Business Council (Cohep in Spanish), added that, "we are against too much power being given to the tax authority (DEI in Spanish) with less capacity remaining with judges to decide what is appropriate," reports Elheraldo.hn.

Businessmen Reject End of Exemptions

May 2012

The Honduran Council of Private Enterprise is warning about a potential loss of competitiveness for companies investing in the country.

Through its president, Aline Flores, the COHEP (Honduran Council of Private Enterprise) is opposing a new tax package sent to Congress by the government.

Honduras: 1.5% Income Tax Made Firm

June 2015

The Constitutional Court has rejected the constitutional challenge presented by the business sector and left in place the collection of 1.5% income tax.

The Supreme Court has confirmed the income tax of 1.5%, which applies to companies reporting net sales of over $456 000, leaving exempt from this charge those reporting lesser incomes and those with less than two years of being established.

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