Congress of Guatemala Receives Tax Reform Bill

A draft submitted by the Executive aims to reform six laws in order to increase tax revenues.

Monday, February 6, 2012

A press release by the Congress of the Republic of Guatemala reads:

The Board of the Congress, headed by Deputy Gudy Rivera, received on 3rd February a visit from the President of the Republic, Otto Perez Molina, who along with Finance Minister, Pavel Centeno and the Secretary General of the Presidency Gustavo Martinez, officially handed over a tax reform which seeks to reform six laws for the primary purpose of increasing tax collection and controling the pace of debt maintained by the State, which is growing.


According to information provided by the official during the presentation of the document to be discussed by the 158 members of Congress, the Tax Reform is divided into six books, divided as follows: amendments to Income Tax, Value Added Tax, Stamp Tax and Stamped Paper Tax, Registration Tax Vehicle First Land, Customs and Tax provisions for Land Vehicles vehicles (related to payment of the decal [official stickers]).

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