Miriam Guzman, head of the Income Management Service (SAR), explained to Laprensa.hn that they request information from the banks and then send a friendly request about the inconsistencies between those declared and those reported at the bank. The company or individual is then asked to file a return.  "..."We give them a deadline, and if they do not comply, the sanctions detailed in the Tax Code are applied, explained Guzman."

But the Honduran Private Enterprise Council insists that the request made by the authorities to the banks is illegal.

Guzmán added that "... these actions are carried out so that every year the gap of non compliance is shortened and for that reason, we are working in conjunction with the banking system."

Source: laprensahn.com

Do you need more information about your business sector?

Request more information:

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 100 employees Between 100 and 500 Between 500 and 2500 More than 2500

Industry:* -None- Agro Alimentos y bebidas Construcción e infraestructura Banca y finanzas Farmacéutica y salud Servicios Retail Automotriz Energía y minería Química y plástico Bienes Raíces Educación Bienes de consumo Industria y manufactura Transporte y logística Telecomunicaciones Administración pública

Yes, I want to receive a call from a salesperson*

Comments:*  

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.

Need assistance? Contact us

(506) 4001-6423

More on this topic

Guatemala: New Measures Against Tax Evasion

February 2017

As part of an audit plan which will start this year and will include access to banking information, the tax authority will be verifying transactions of real estate sales.

With its 2017 audit plan the Superintendency of Tax Administration is preparing to use for the first time a law that authorizes it to access taxpayer's banking information when required.

Guatemala: Access to Companies Banking Information

August 2016

In January 2017 a rule will come into effect which allows the lifting of bank secrecy by court order at the request of the Tax Administration.

Decree 37-2016 Law to strengthen fiscal transparency and governance for the SAT was published today in Diario de Centroamerica, along with the dates for when each of the amendments adopted in the reform becomes effective.

Agreement in the G20 Against Tax Avoidance

October 2015

The G20 finance ministers gave full support to the project that would prevent corporate profits from "disappearing" or being artificially transferred to jurisdictions with low or no taxation.

From the press release issued by the G-20:

During a meeting chaired by Turkish Deputy Prime Minister Cevdet Yilmaz, the G20 finance ministers expressed strong support for the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project, which provides governments with solutions for closing the gaps in existing international rules that allow corporate profits to « disappear » or be artificially shifted to low/no tax environments, where little or no economic activity takes place.

Employers are Demanding Fiscal "Fair Play"

June 2012

In Honduras, representatives from private companies request that the names of 34 large taxpayers who are allegedly evading paying their taxes be made public.

The president of the Honduran Council of Private Enterprise (COHEP), Aline Flores, has called for the publication of the names of large companies that are allegedly evading their tax obligations.