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 Elperiodico.com.gt 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."
The Superintendence of Tax Administration (SAT) estimates that $ 449 million is owed in taxes and $ 256 million in penalties and interest.
The exemption of fines for customs offenses will be extended, for the sixth time, until December 15.
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.
The SAT in Guatemala could temporarily suspend for 12 consecutive months companies that do not report any activity on their tax returns.
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