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.

Penalties for Tax Arrears

May 2012

The SAT in Guatemala could temporarily suspend for 12 consecutive months companies that do not report any activity on their tax returns.

This action by the Tax Authority was approved by a resolution passed this week by the board of the entity.

"Miguel Gutierrez, superintendent of the SAT, said (...) that prior to deactivation, taxpayers will be notified and given a chance to update or change their operations and will have a period of five days in which to decide," reported

 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

Japanese Tire Casings for Sale

Specialized Tire Casings in Container.
Japanese Tire Casings for Sale in the following...

Stock Indexes

(Oct 24)
Dow Jones
S&P 500


(Oct 24)
Brent Crude Oil
Coffee "C"