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.

Last March Norman Fernando Tejeda Velasquez was captured who according to investigations “made up 76 companies, through which he sold customers building materials, land, food, consultancy and VAT,...", related an article by Coralia Orantes in Prensalibre.com

More on this topic

Aceros de Guatemala Pays $103 million to Treasury

May 2016

The amount paid to the Tax Authority corresponds to unpaid taxes, plus penalties and interest.

An article on Lahora.gt reports that the Superintendent of the SAT, Juan Francisco Solorzano, said that "... It is the largest payment made by any entity, in relation to adjustments that had been made or that had been ordered as a result of a judicial process from which it was ruled that there was tax fraud or tax evasion. "

Guatemala: Government Expands Tax Reform

February 2015

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.

According to authorities at the Ministry of Finance, at the moment there is no consensus for fiscal reform.

Tax Evasion in Guatemala is 33%

May 2012

The Tax Authority estimates that during last year, 2011, the amount of evaded payment would have been been about $16 million.

A month after taking office, the head of the Tax Authority (SAT), Miguel Gutierrez, revealed the results of an evaluation of the institution and said that in 2011 there was an evasion of 32.8% of Value Added Tax (VAT).

Guatemala: More Fiscal Controls

February 2011

The Finance Ministry asked for two changes to the tax evasion bill being discussed in Congress.

The Ministry's request to Congress includes more controls when issuing special invoices for agricultural producers, the elimination of tax credit for small taxpayers and reestablishing the tobacco tax.

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