taxes Taxes Tax Authority of Guatemala Ministerio de Finanzas Públicas (Guatemala) Tax Amnesty paying taxes raising taxes Pavel Centeno Tax amnesty tax exemption Otto Pérez Molina Associations Coordinating Committee for Agricultural, Commercial, Industrial and Financial Custom Exports & imports Gobierno de Guatemala

Exemptions of Fines, Interest and Penalties in Guatemala

The amnesty includes those who owe taxes for tax periods prior to 1 January 2012.

Friday, June 28, 2013

S21.com.gt reports that "this measure is complementary to the cancellation of 10% in tax payments and 50% reduction in the circulation tax".

"It was clear they had to agree to the waiver. Almost always a law produces the need for a government decision. It is estimated that $77 million is owed in taxes, of which, 65% relates to income tax. In total, 80% of the defaulters could take advantage of this to make payments," said the chief of Finance, Pavel Centeno, who clarified that such exemptions are applicable to all taxes except VAT and withholding tax.

The exemption approved by President Otto Perez will be 95% of penalties and interest or surcharges for taxpayers using the measure in the first two months of operation of the Tax Adjustment Act and 90% for those who cancel in the third month.

Source: sigloxxi.com

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Gobierno de Guatemala Ministerio de Finanzas Públicas (Guatemala) Pavel Centeno Otto Pérez Molina Tax Authority of Guatemala Omar Franco

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Guatemala

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tax exemption raising taxes taxes sanctions tax exemptions tax ecemption Public finances Tax amnesty Interest amnesty Tax Amnesty Taxes

Tax Amnesty Approved in Panama

September 2019

For interest, penalties or surcharges to be 100% forgiven, taxpayers will have until November 30, 2019 to pay their overdue taxes.

On September 26, the National Assembly approved Bill 78 of 2019, which aims to exonerate from interest, surcharges and fines of taxes that are delinquent and owed by taxpayers.

New Extension of Exemption from Customs Fines

September 2013

The exemption of fines for customs offenses will be extended, for the sixth time, until December 15.

The exemption which was to expire on 15 September will be extended until 15 December.

"We are extending the agreement because there is a new Intendent of Customs and we do not want to generate distortion in operations. We believe this will be the last extension to be given," said Pavel Centeno, Minister of Finance, yesterday.

Guatemala Owes $445 million to Real Estate Developers

June 2012

This debt has dragged on for two governments, and now the Minister of Finance Pavel Centeno has promised to pay it off.

An article in Elperiodico.com reports that "Jose Luis Aguero, president of the Chamber, said that will grant the executive a little more time, while Perez said that he will talk to the Finance Minister Pavel Centeno about the mechanism for paying the debt. "

Guatemalans Owe $ 705 Million in Taxes

February 2011

The Superintendence of Tax Administration (SAT) estimates that $ 449 million is owed in taxes and $ 256 million in penalties and interest.

However, it clarified that the SAT estimates viable to recover only 10% of that amount, about $ 45 million, through a partial exemption declared by President Alvaro Colom.