Tax Collection Up 18% in Guatemala

In the first 10 months of 2011, tax revenues reached $4.723 million, 18.4% higher than in the same period in 2010.

Thursday, November 17, 2011

The increase in revenue is due in part to a significant increase in the collection of Income Tax (32.9%).

"Pablo Urrutia, analyst from the Association for Research and Social Studies (ASIES in Spanish), thought that in addition to these figures and percentages, it would be necessary to look at other factors, such as prices and inflation. 'Even if more money has been collected, if you do not have better spending there is no real benefit, despite the fact that economic growth has increased’”, reports Siglo21.com.gt.

More on this topic

Tax Revenues Up 5% in Guatemala

May 2013

In the first third of 2013 the state collected $2.111 billion, $110 million more than in the same period last year.

The figure is below the target set by the Tax Authority, which in this period was $2.277 billion, to cover the spending budget prepared by the Ministry of Finance.

Improved Tax Collection in Guatemala

February 2013

The simplification of procedures and the use of technology has made it easier for taxpayers to pay taxes, resulting in an increase of 16% in revenue.

Miguel Gutierrez, head of the Tax Authority (SAT), said that of the 1,200 existing forms to file and pay taxes, there are currently only 87 and the intention is to reduce them to 15 this year.

Panamanian Tax Collection Up 26%

April 2011

During the first three months of the year, tax authorities collected $1.257 million in taxes, $264 million more than the same period of 2010.

Luis Cacalón, revenue director at the Economy Ministry, reported that current revenue rose to $583.1 million in March, 16.8% more than in March 2010.

Nicaragua: Tax Collection Up 21%

August 2012

The Directorate General of Revenue (DGI) of Nicaragua raised between January and June 2012 some $603 million, which is 21.15% more than in the same period in 2011.

The total revenue collected exceeded the target set in the General Budget of the Republic by 7% .

"According to research by the Strategic Planning Department of the DGI, the gross proceeds obtained shows a tendency to average annual growth of 21 percent when income from the first half of 2012 is compared to the same period last year.

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