Honduras: Changes to Tax Code

A proposal has been made to include new revenue figures, notify companies via email and to make audit processes simpler.

Thursday, January 7, 2016

The bill that the Executive Directorate of Revenue has under public consultation envisages changes in the mechanisms through which requests are received or delivered as well as notices regarding tax payments. Laprensa.hn reports that "... According to the document, these notifications will have as much legal weight as personal ones, via public or private mail, message boards, or hearings either in person or electronically. "

"... Maria del Carmen Jovel, tax technical assistant of the Ministry of Finance explained that the government team considered the main problems for the taxpayer. 'There will be a lot more transparency because sometimes the auditor does not tell the employer what critical points have been found. Deadlines and timeframe is also set to issue a resolution.'"

"... 'The document does not introduce new taxes, rather new collection methods. Among them, the days when the Executive Directorate of Revenue (DEI) will work, in this way opening up broader work sequences," explained Julio Cesar Larios, a consultant at ASECAP, a firm which provides legal advice."

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