Tax Reform Bill Canceled in Guatemala

The tax reform law project was officially withdrawn from Congress by the ruling party.

Monday, August 31, 2009

The project suffered modifications that changed its original concept, as a result of complaints and objections by the opposition.

"... the project known as fiscal reform intended to replace one tax with the Specific Tax to a Terrestrial Vehicle's First Plate", reports Prensa Latina. "This measure ... was technically sound, and aimed to correct unequal treatment and anomalies when calculating the value of imported vehicles".



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Guatemala's fiscal reform hits roadblocks

June 2008

The bill presented to the government by the National Peace Accord Board is aimed at raising the tax bite to 13.2 percent of Gross Domestic Product from its present level of about 12 percent.

The lack of consensus among the deputies and the request to investigate whether the leader of the main opposition party has received bribes has threatened the passage of the fiscal package.

Guatemala: New taxes create controversy

September 2008

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.

Minister of Finance, Juan Alberto Fuentes Knight, defended the fiscal modernization proposal and explained that if new taxes are not created and if the existing ones are not modified, they run the risk of leaving a "fiscal hole" for next year.

Honduras Tax Reform: 14 Answers

March 2010

The tax reform recently passed by Congress included modifications to reduce the tax burden on middle and lower income citizens, by transferring it to higher earners.

An article in Laprensa.hn answered the following questions about this reform:

1 – How does this affect individuals?

No agreement on Fiscal Reform in Guatemala

October 2008

The Opposition and representatives on the Finance Commission are reluctant to approve the initiatives which are supposed to increase collection of taxes.

Even though the Finance Commission is yet to issue a resolution, the main forces in Congress are said to be opposed to the increase in the Solidarity Tax rate to 1.25 and to the new registration tax for new vehicles.

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