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.
Journalist Lorena Alvarez writes in her article in Elperiodico.com.gt: "Income tax collected $431 million, short of the $486 forecasted, due to a drop in company sales and profits. Value added tax and international trade taxes fell 21.6% when compared to last year, because of the reduction in imports."
The tax revenue authority (SAT) is looking to increase collection by expanding the tax base.
Facing a projected drop in tax income for this year, the SAT has increased controls, focusing on productive sectors with high nonpayment indexes.
From a Sigloxxi.com article: "As an example, the money collected in fighting smuggling and customs evasion reached $6.7 million, which was obtained as a result of a joint effort of the Governance and Defence Ministries, the Economic Theft Prosecution of the Public Ministry and SAT inspectors".
New measures have been put in place to improve tax collection, among them electronic embargoes of banking accounts and properties.
At customs, the government revenue authority, known as SAT, will develop a program dubbed "Aduana Segura II" (Secure Customs II), a closed circuit of TV cameras overseeing entrance and departure of merchandise.
The SAT lowered its tax collection goal for 2009 by $441.
For 2009, the Tax Administration Superintendent (SAT) in Guatemala had planned to raise $4.758 billion, but it reported yesterday that the target was adjusted to $4.32 billion, a decrease of 9.28%.
Prensalibre.com reported that the Finance Minister, Juan Alberto Fuentes Knight, addressed the impact on the fiscal deficit: "It would have to be covered by a decrease in operating expenses, plus donations and debt grants pending approval, but it is expected that the aforementioned deficit will remain at 2%."
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