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.
Opposition legislators have called a special session of Guatemala's Congress to discuss a proposal to abolish the value-added tax on diesel.
Government and producers have agreed to amend the Fiscal Equity Act to reduce the costs of food production.
Costa Rica's legislators rejected the government's proposal to increase taxes on gasoline in order to remove them from diesel.
The Directorate of Taxation issued a resolution which widens accelerated depreciation and is applicable to goods purchased and investments made this year.
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