Congress of Guatemala Receives Tax Reform Bill

A draft submitted by the Executive aims to reform six laws in order to increase tax revenues.

Monday, February 6, 2012

A press release by the Congress of the Republic of Guatemala reads:

The Board of the Congress, headed by Deputy Gudy Rivera, received on 3rd February a visit from the President of the Republic, Otto Perez Molina, who along with Finance Minister, Pavel Centeno and the Secretary General of the Presidency Gustavo Martinez, officially handed over a tax reform which seeks to reform six laws for the primary purpose of increasing tax collection and controling the pace of debt maintained by the State, which is growing.


According to information provided by the official during the presentation of the document to be discussed by the 158 members of Congress, the Tax Reform is divided into six books, divided as follows: amendments to Income Tax, Value Added Tax, Stamp Tax and Stamped Paper Tax, Registration Tax Vehicle First Land, Customs and Tax provisions for Land Vehicles vehicles (related to payment of the decal [official stickers]).



More on this topic

Employers Promise to Support Tax Reform Bill

January 2012

Cacif, leader of the Guatemalan private sector, said that "we must all do our part" and promised a consensus with the government.

The presidents of business chambers of Guatemala met on Wednesday with President Otto Perez and Finance Minister Pavel Centeno, to hear a proposal for tax reform law, and adopted a positive approach to the coming changes.

Guatemala Puts Finishing Touches on Tax Reform

January 2012

Among other measures, the bill proposed by the government examines establishing regimes for income tax and eliminating accreditation for VAT returns, a method that has encouraged evasion.

The new Guatemalan government has refined its proposed fiscal law reform, which includes proposals such as removing the accreditation of the VAT tax and setting different levels for the deduction of income tax.

Coexport: Tax Reform Closes Doors to Investment

December 2011

The Salvadoran Corporation of Exporters (Coexport) considers that "the most harmful part of the proposed reform is the new taxes."

A press release from the Exporters Corporation of El Salvador reads:

Besides the reform partially affecting or eliminating financial incentives for foreign and local investors granted by the laws of free trade zones and international services, the most harmful part is the new taxes, according to the president of the Salvadoran Corporation of Exporters (Coexport) , Francisco Bolaños.

Salvadoran Businessmen Opposed to Income Tax Reform

December 2011

The National Association of Private Enterprise has rejected the government's proposal to increase income tax from 25% to 30%.

INCOME TAX: ONE NEW TAX TO SOLVE THE PROBLEM OF EXCESSIVE SPENDING, by ANEP

Given the government's proposal to amend the Law on Income Tax, ANEP states:

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