Francisco Solorzano, chief of the Superintendency of Tax Administration (SAT), noted that"... 'this tool will only be used when there is reasonable doubt about the results of the processes or execution of plans and mass selective control'."
The SAT has announced that from January 2017, 42% of the commercial value of the vehicle will be applied when calculating the amount of import tax to be paid.
The taxable values for calculating the circulation tax on vehicles (ISCV) will not be changed.Abel Cruz, Indentent of Revenue, told Prensalibre.com that"...The new amendments, which will come into effect on January 1, 2017, refer to the SAT applyling 42% of the commercial value of the vehicle, a figure supplied by distribution companies."
Changing how tax credits are returned is one of the proposals put forward in the reform of the rules for the VAT Act proposed by the tax authority.
Three years after the last modification to the regulations of the Law on Value Added Tax came into effect, it has been proposed that it be re-edited, in order to improve and streamline the audit processes.
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.
The passage of freight transport is being blocked by demonstrations held by Guatemalan teachers which have forced the closure of the customs offices of Pedro de Alvarado, San Cristobal and La Ermita.
The private sector grouped under the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif) has called for an end to the blockades that are already affecting Puerto Quetzal and the route to the border at Pedro de Alvarado, in Jutiapa, towards El Salvador.
Guatemalan agricultural exporters have questioned the measure taken by the Treasury to seize bank accounts in order to recover unpaid taxes, arguing that it is affecting their operations.
Arguing that the measure is attached to the law, the Tax Administration has defended its right to take injunctive measures such as seizing bank accounts in order to recover taxes that companies have stopped paying.
Companies operating under the Law for the Promotion of Export Activities and Maquilas will be able to deduct the VAT paid on electricity.
By presenting a certifying document to the Superintendency of Tax Administration (SAT) exporters will be exempted from paying VAT on their electricity bill, since it is a"... tax benefit according to decrees 29-89 and 19-2016 " explained the lawyer Rodrigo Barillas in an activity organized by Agexport.
Within three to four months the SAT plans to start implementing a selective "blue" process, which involves clearing containers so that they only go through one documentary process or warehousing goods inspection.
The measure aims to streamline the inspection process, free up space in ports and reduce waiting times, explained Werrner Ovalle, intendent of Customs.
The tax authority is insisting on the impossibility of complying with information exchange agreements with other countries if banking secrecy is not eliminated for tax purposes.
Amid the discussion in Congress of the draft Law for Strengthening Fiscal Transparency and Governance of the Tax Administration, the superintendent Solórzano Foppa reemphasized the need to allow access to taxpayers' tax information for tax purposes by means of authorization given by a judge. He also announced that preparations are being made for "... a new control plan with which an attempt will be made to recover the power to collect taxes on income earned outside of Guatemala that are transferred to offshore accounts."
The amount paid to the Tax Authority corresponds to unpaid taxes, plus penalties and interest.
An article on Lahora.gt reports that the Superintendent of the SAT, Juan Francisco Solorzano, said that "... It is the largest payment made by any entity, in relation to adjustments that had been made or that had been ordered as a result of a judicial process from which it was ruled that there was tax fraud or tax evasion. "
Free zone companies have denounced that lack of regulation for the emerging employment law is preventing them from selling products completed before the law came into force.
As well as the finished and ready to be marketed products there are also raw materials, machinery and other production materials which entered the free zone before the new law was passed and are now in a legal vacuum, because of the absence of regulation to establish the treatment to be given to them in the context of the new legislation.
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524