Guatemala: Investigation on $382 million Tax Evasion
The Superintendency of Tax Administration is investigating companies that purchased fake invoices in order to avoid paying taxes.
Wednesday, June 8, 2011
Among the companies and individuals under investigation are agricultural producers, poultry farmers, fabric retailer and cold room repair service providers.
The amount paid to the Tax Authority corresponds to unpaid taxes, plus penalties and interest.
Despite several announcements of new taxes, the government will focus on controlling tax evasion and leave the decision to implement a tax reform to future administrations.
The Tax Authority estimates that during last year, 2011, the amount of evaded payment would have been been about $16 million.
The Finance Ministry asked for two changes to the tax evasion bill being discussed in Congress.
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