Guatemala: There will be No Exemptions from Fines

President Otto Perez Molina will not grant exemptions from fines imposed by the Tax Authority.

Thursday, August 30, 2012

An article in reports that "The President has asked the General Secretariat of the President to address the 202 cases presented by businessmen, politicians and figureheads." A study of each case will be conducted, the recommendation and the opinion of the President now is that they [exonerations] will not be granted", said the general secretary, Gustavo Martinez."

"In the attempted constitutional reform of 1999, a proposal was included to remove the power of the President to waive the fines, but it was not passed. This time, because the tax issue was left out of reforms to the Constitution, again the point was excluded. "It has become a form of political pressure on the President. As long as the constitutional provision exists, the president will be exposed", says Ricardo Barrientos, the ICEFI. "

More on this topic

Guatemalans Owe $ 705 Million in Taxes

February 2011

The Superintendence of Tax Administration (SAT) estimates that $ 449 million is owed in taxes and $ 256 million in penalties and interest.

However, it clarified that the SAT estimates viable to recover only 10% of that amount, about $ 45 million, through a partial exemption declared by President Alvaro Colom.

New Extension of Exemption from Customs Fines

September 2013

The exemption of fines for customs offenses will be extended, for the sixth time, until December 15.

The exemption which was to expire on 15 September will be extended until 15 December.

"We are extending the agreement because there is a new Intendent of Customs and we do not want to generate distortion in operations. We believe this will be the last extension to be given," said Pavel Centeno, Minister of Finance, yesterday.

Nicaragua: Buying From Tax Debtors Banned

July 2013

Businessmen are opposing, because of its illegality, the position of the Department of Revenue, which is ordering free zone companies not to buy raw materials or services from providers who owe taxes.

In addition, the Department of Revenue (DGI by its initials in Spanish), asked companies to ask suppliers to pay off their debts, a proposal that has been rejected by the private sector.

Costa Rica: Debt Forgiveness for Tourism Companies

November 2014

A bill intends to forgive, subject to conditions, payments owed for sales tax, interest and penalties by businesses in the tourism sector.

From a statement issued by the President of Costa Rica:

Bill proposes to waive debts held by tourism businesses

• exemptions will be given from payment of sales tax, interest and penalties.

 close (x)

Receive more news about Taxes

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

300 Acres Cacao and Teak farm

Belize Teak Ltd. (BTL) is a Belizean Company that has been working in the country planting Teak and Tropical Hardwood trees and Cacao trees for the export market.
80 Acres are planted with 12 to 15 year old Teak AND...

Stock Indexes

(May 27)
Dow Jones
S&P 500


(May 30)
Brent Crude Oil
Coffee "C"