Aceros de Guatemala Pays $103 million to Treasury

The amount paid to the Tax Authority corresponds to unpaid taxes, plus penalties and interest.

Tuesday, May 10, 2016

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. "

According to CICIG commissioner Ivan Velasquez, investigation into the case known as "The Line" led to "... discovery of the Case of Aceros de Guatemala, as it revealed a corruption network operating internally in the SAT, which was brought to light through wiretaps. "

See: How Excessive Bureaucracy Favors Corruption

Solorzano said that "... on May 5, the appointed auditor for Aceros de Guatemala was presented, to run the finances and control of expenditures ... after this measure, the company decided to make the payment on May 6 in a form that almost tripled what had been reported. "



More on this topic

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As part of an audit plan which will start this year and will include access to banking information, the tax authority will be verifying transactions of real estate sales.

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Tax Amnesty Announcement in Guatemala Denied

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Guatemala: Tax to Fight Corruption

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A proposal has been made to create a special and temporary tax on assets above a certain amount in order to finance the operations of the Public Prosecutor against impunity and corruption in the state.

Ivan Velasquez, head of the International Commission against Impunity (CICIG), believes it is necessary to move on from "...

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February 2011

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