Controversy Over Tax Regime for Agriculture

In Guatemala, the chambers of industry and commerce oppose the bill that proposes to create a special tax regime for agricultural activity.

Friday, September 13, 2019

The project "Law on Simplification, Updating and Tax Incorporation", which has been in Congress for more than two years, was scheduled for final discussion until September 10. See full bill.

A joint statement issued by the Chamber of Industry of Guatemala (CIG) and the Chamber of Commerce of Guatemala (CGC), explains that "... as chambers, we express concern at the possible approval of initiative 5246, which favors fiscal privileges for certain economic activities. We call for technical dialogue to solve the root problem."

We recognize that a comprehensive fiscal reform is needed, with efficient systems, accessible tariffs and simple processes, but especially fair conditions for all taxpayers, adds the CIG and CGC statement.

Prensalibre.com reports that the project "... proposes measures to facilitate compliance with tax obligations, including for taxpayers who are catalogued as withholding agents and VAT payers who could opt to sign payment agreements."

Chapter I contemplates the regularization of tax debts before the Tax Administration, either through the rectification of declarations or through the late filing of the same, to achieve compliance with such obligations, granting the possibility of signing payment agreements with extraordinary terms greater than those established in the Tax Code.

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