Costa Rica: Embargo Eliminated from Law on Tax EvasionThe new draft law on tax fraud prepared by the opposition and which must be reviewed by the Ministry of Finance excludes the concept of collection and seizure by administrative authorities.Wednesday, June 24, 2015
After having negotiated for the opposition bloc in Congress to amend the bill originally submitted by the Ministry of Finance, the new bill is ready and among the changes is the elimination of the incorporation of the concept of fines and embargos imposed administratively. It maintains the collection and seizure of tax debts through the courts. Source: Crhoy.com ¿Busca soluciones de inteligencia comercial para su empresa?Pressure to Approve Tax Evasion LawJanuary 2019 The Panamanian government assures that if the law that criminalizes tax evasion is not approved, the country will be exposed to enter the FATF grey list again in 2019. Opposition to Embargo on Tax EvasionAugust 2016 The legislative opposition in Costa Rica has once again submitted a replacement text for the law against tax fraud, eliminating from the project the seizure of bank accounts of companies suspected of tax evasion. Jail Threat for Tax Debtors in PanamaAugust 2013 Fraud charges could be brought with imprisonment of up to five years for employers who do not regularize their tax situation. Guatemala Seeks to Raise $58 Million with 'Anti-evasion Law'April 2011 A new attempt is being made by the Álvaro Colom government to increase tax collection by enforcing the so-called 'Anti-evasion Law'.
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