Guatemalan Tax Reform Still Waiting
For a third consecutive time, Congress was unable to approve the tax reform.
Wednesday, August 26, 2009
The lack of agreement is centered around a proposed tax on a vehicle's first plate, and the implementation of a bluebook.
The "oficialismo" political party will try to pass the tax reform law this week. In their own words, the reform is "absolutely consented".
The Executive Power sent the first part of the fiscal modernization project to the Congress of the Republic without the proposal for the new income tax (IRS) and VAT retencions.
The Opposition and representatives on the Finance Commission are reluctant to approve the initiatives which are supposed to increase collection of taxes.
The proposal to create the Solidarity Tax, another for vehicle registration and one that will increase the VAT paid on vehicles has encountered resistance in the private sector.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar