Guatemala: Tax Controls Increase
The tax revenue authority (SAT) is looking to increase collection by expanding the tax base.
Monday, July 13, 2009
Facing a projected drop in tax income for this year, the SAT has increased controls, focusing on productive sectors with high nonpayment indexes.
In June, the government revenue superintendency collected $1.99 billion, less than the $2.17 billion for the same period of 2008.
New measures have been put in place to improve tax collection, among them electronic embargoes of banking accounts and properties.
The suits citing unconstitutionality presented in Guatemala against the tax reform have caused irrecoverable losses to government coffers.
In the first third of 2013 the state collected $2.111 billion, $110 million more than in the same period last year.
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