Exemptions of Fines, Interest and Penalties in Guatemala

The amnesty includes those who owe taxes for tax periods prior to 1 January 2012.

Friday, June 28, 2013

S21.com.gt reports that "this measure is complementary to the cancellation of 10% in tax payments and 50% reduction in the circulation tax".

"It was clear they had to agree to the waiver. Almost always a law produces the need for a government decision. It is estimated that $77 million is owed in taxes, of which, 65% relates to income tax. In total, 80% of the defaulters could take advantage of this to make payments," said the chief of Finance, Pavel Centeno, who clarified that such exemptions are applicable to all taxes except VAT and withholding tax.

The exemption approved by President Otto Perez will be 95% of penalties and interest or surcharges for taxpayers using the measure in the first two months of operation of the Tax Adjustment Act and 90% for those who cancel in the third month.



More on this topic

Tax Amnesty Approved in Panama

September 2019

For interest, penalties or surcharges to be 100% forgiven, taxpayers will have until November 30, 2019 to pay their overdue taxes.

On September 26, the National Assembly approved Bill 78 of 2019, which aims to exonerate from interest, surcharges and fines of taxes that are delinquent and owed by taxpayers.

Tax Amnesty Proposed in Panama

August 2013

A bill intends to give taxpayers the opportunity to get in order tax payments owed due to errors or inaccuracies up to the fiscal year 2011.

A press release from the Ministry of Economy and Finance of Panama reads:

The Government will provide an opportunity for taxpayers to manage their tax obligations with the National Revenue Authority (ANIP), which occurred due to inaccuracies or errors, exempting them from liability for such acts up to the fiscal year 2011, presented the head of the Ministry of Economy and Finance (MEF), Frank De Lima, by a bill before the full National Assembly.

New Tax Amnesty in Honduras

August 2012

Given the low tax collection, the plenary of the legislature has approved an extension, until December 31, 2012, for the Tax Amnesty Act.

The new amnesty favors those taxpayers who, for financial reasons, had failed to meet their tax obligations and make tax payments for tax year 2011.

Period of Exemption from Charges Extended

April 2012

The Guatemalan Social Security Institute (IGSS) has granted an additional 90 days exemption from fines for those companies who do not pay employer and employee contributions on time.

The additional period granted by the IGSS began on Sunday, April 1st, under agreement 1284 published by the public record newspaper Diario de Centro América.

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