Guatemala: Tax Collection Contracts

In 2008, industrial and commercial sectors showed the greatest loss of growth.

Tuesday, February 24, 2009

Rosa Ma. Bolaños writes in PrensaLibre.com: "The sector with the most pronounced losses in growth was the commercial sector, which reported 0.45 percent growth in 2008, for a total collection of Q13 thousand 398.5 million ($ 1,667 million).
In 2007, it had increased 14.8 percent, and, in 2006, 19 percent. In previous years, the increase in annual collections was between 10 and 16 percent."

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More on this topic

Guatemala: Tax Collection Increases by 30.6%

January 2012

In November 2011 tax collection reached the milestone amount of $1,205 million, 30.6% more than in the same period in 2010.

The head of the Tax Authority, Rudy Villeda cited as the main causes of this growth improvements in economic activity and greater control of tax collection.

Guatemala: Increased Tax Collection

January 2011

During 2010 tax collections reached $ 4.344 million, 9.3% higher than 2010.

Rudy Villeda, superintendent stated that tax burden to GDP last year was 10.5%.

"That percentage was higher only by 0.1 percentage points to 10.4% in 2009, which was the lowest rate in the last decade," reported an article in ACAN – EFE and published in Prensa.com.

Guatemala: Tax Collection down 8.3%

July 2009

In June, the government revenue superintendency collected $1.99 billion, less than the $2.17 billion for the same period of 2008.

Rudy Villeda, who heads the government revenue superintendency (Superintendencia de Administración Tributaria, SAT, in Spanish), indicated that preliminary figures put revenue for the month of June in $286 million.

Tax Controls Will Increase in Guatemala

March 2009

Controls will be increased in the livestock, exporting and transport sector as a way to increase collection.

In the first two months of the year, the Superintendent of Tax Administration has raised $671 million, $55 million below set targets.

In the face of this situation, the Superintendent will increase controls on some sectors that, according to Superintendent Rudy Villeda, "have not been audited in previous years." These sectors are "livestock farmers, exporters and transporters, Non-Governmental Organizations (NGOs) and soccer players."

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