Guatemala: Approval of tax package postponed
Due to the lack of a quorum in Congress, the approval of a tax package, with which they had hoped to complete the State budget for 2009, had to be called off.
Tuesday, November 25, 2008
Despite criticism from some parties and businesses, the majority party will not back down from the package and say that they have enough support to pass it. It includes the creation of a new tax for the first time registration of vehicles and increases the registration tax for this, in addition to other tax modifications.
The Guatemalan Congress needs to urgently approved the 2009 budget starting today.
The National Assembly has approved a state budget for the year 2012, at $14,451 million, the highest in the country's history.
The budget approved by the Minister Cabinet includes 47% in health and education.
The budget approved by the National Congress represents an increase of 8.5% compared to 2011.
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