From a statement issued by the Ministry of Finance:

Proposal to attack evasion in this group of taxpayers

The acquisition of luxury vehicles in recent years as well as possesing properties of high value, in juxterposition to statements with zero tax (in which no taxes are paid) or expenses that exceed a certain percentage of revenue during 2014 are some of the reasons why the Ministry of Finance is initiating a plan of tax control for freelance professionals.

This plan also includes professionals with disproportionate financial expenses and depreciation in respect of their assets and liabilities, a problem that was identified in the previous year, including those who to whom the mimimum exemption amount was applied two or more times.

More on this topic

Costa Rica: 40% in Tax Infraction

July 2015

In 4 out of 10 businesses inspected in the provinces of Puntarenas, Guanacaste, Heredia and Alajuela, the Ministry of Finance detected some degree of tax noncompliance.

According to authorities, in March of this year 51% of businesses in Guanacaste and 49% in Puntarenas had fiscal irregularities. During June in Guanacaste the proportion of errors rose to 53% and fell to 44% in Puntarenas.

Guatemala: Banking Secrecy Once Again

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Financial authorities insist on the need to eliminate bank secrecy in order to access information on taxpayers accounts where suspicious movements have been reported.

Now it is the Superintendency of Banks (SIB) which is insisting on taking up the bill to eliminate bank secrecy which has been lodged with the Congress of Guatemala since 2012 and aims to "...

El Salvador: Treasury Asks For Business Plans

April 2014

Employers are opposed to the suggestion of the Directorate General of Internal Revenue that they be should be aware of strategic planning moves, mergers, investment projects, offers or marketing strategies.

An article in Elmundo.com.sv reports that the executive director of the Salvadoran Association of Industrialists (ASI), Jorge Arriaza, has described the concern in the business sector caused by a letter from the Directorate General of Internal Taxes (Tax Administration), at the Ministry of Finance announcing that they will be asking companies for business information relating to "strategic planning, mergers, investment projects, offers or marketing strategies, among other things, data which is considered confidential."

Guatemala: More Fiscal Controls

February 2011

The Finance Ministry asked for two changes to the tax evasion bill being discussed in Congress.

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