The Treasury of Guatemala Collects Very Little in Taxes

"Of the total potential tax collection from VAT, only 50% is charged, with 19% being lost from exemptions and tax schemes, many without justification, while the remaining 30% is lost through evasion charges."

Friday, May 15, 2015

From a statement issued by the ICEFI:

During a forum organized by the Central American Institute for Fiscal Studies (Icefi) and the Friedrich Ebert Foundation, a document was presented by the Icefi diagnosing the current situation of the Superintendency of Tax Administration (SAT) and an alternative roadmap was proposed for the rescue and reconstruction of the SAT.

The Icefi stressed that this is an initiative launched in its capacity as a think tank specializing in issues of fiscal policy, independent of governments, political parties and other civil society organizations. The submission is of an initial version, which the Icefi is making available to all sectors interested in eliminating corruption in state institutions. IT is expected that it will form a starting point for a process of discussion for legitimate citizens, framed in the citizens' movement which emerged from the events of April, and it can be supplemented with input from other organizations and individuals with different specialties from those at the Institute.

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