Guatemala faces battle in Congress over measures to cut gasoline taxes

Guatemala's government faces an uphill battle in Congress to win approval for its plans to reduce retail taxes on gasoline and diesel.

Monday, June 2, 2008

In order to win approval for the plan, the government needs the backing of 105 of the 158 members of the Lower House, but opposition parties who have 74 seats between them say they oppose the measures.

More on this topic

Guatemalan legislators press for diesel tax cut

May 2008

Opposition legislators have called a special session of Guatemala's Congress to discuss a proposal to abolish the value-added tax on diesel.

As high diesel prices threaten to raise food prices and fares on public transport, the legislators say the tax cut is the only way to avoid a crisis.

Tax Cut Agreement in Nicaragua

January 2012

Government and producers have agreed to amend the Fiscal Equity Act to reduce the costs of food production.

Representatives of the Higher Council of the Private Enterprise (COSEP) and the government met to discuss ways to alleviate the increase in food prices, caused especially by the rise in electrical energy costs.

Costa Rican legislators reject higher taxes on gasoline

July 2008

Costa Rica's legislators rejected the government's proposal to increase taxes on gasoline in order to remove them from diesel.

Under a deal struck by the legislators and the executive, the shortfall in the nation's finances will be met instead by increased taxes on offshore banking, luxury vehicles, cigarettes, gambling and liquor.

Costa Rica: Tax Incentives to Encourage Investment

March 2009

The Directorate of Taxation issued a resolution which widens accelerated depreciation and is applicable to goods purchased and investments made this year.

María Siu wrote in the Prensa Libre website: "Now all taxpayers or declarers, without any resolution from the tax administration, may use the accelerated depreciation method on new tangible goods.

 close (x)

Receive more news about Taxes

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

ACI Corporativo

Organization that operates in El Salvador.
Phone: (503) 2562 0855

Company Profile

Stock Indexes

(Oct 25)
Dow Jones
S&P 500


(Oct 26)
Brent Crude Oil
Coffee "C"