Guatemalan Businesses Opposed to Tax Reform

98.28% of surveyed businessmen opposed increased taxes and a potential tax reform.

Monday, November 8, 2010

The survey was conducted by the Chamber of Commerce of Guatemala, and included managers and business owners of the agricultural, commercial, industrial and service sectors.

"Jorge Briz, president of the Chamber of Commerce, said that tax reform would work if taxes were for all taxpayers, including the informal sector'," says the article on El Periódico´s website.

More on this topic

Guatemala: What Will Be Taxed and By How Much

August 2016

The proposal raises income tax from 25% to 29% for profits of over $38 billion a year, royalties for extracting gold and silver from 1% to 10%, taxes on fuels and a tax of $0.65 tax per bag of cement.

See document by the Ministry of Finance of Guatemala with details on each tax increase.

Tax Reform Being Prepared in Guatemala

July 2016

Raising VAT from 12% to 15% and lowering income tax from 35% to 30% are part of the reforms that the Executive Branch is preparing to present to Congress.

Preliminary ideas being prepared by President Morales and a group of advisers also include incorporating the concept of world income. Although a formal document has not yet been submitted, the Executive has already started to give details of the proposal to members of Congress.

Guatemala: Government Expands Tax Reform

February 2015

Despite several announcements of new taxes, the government will focus on controlling tax evasion and leave the decision to implement a tax reform to future administrations.

According to authorities at the Ministry of Finance, at the moment there is no consensus for fiscal reform.

Reforms to the Costa Rican Tax System

August 2011

The reforms include provision for a fine for non payment of partial income taxes, facilitation of tax refunds, and streamlining of tax collections on luxury homes.

The Legislature has approved the "Project for urgent reforms of the tax administration", the first of the proposals included in the tax reform promoted by the Chinchilla administration in the package entitled "Solidarity Tax Act."

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