Government Changes Technical Agreement on Tax

Guatemala's business associations are asking for explanations about the government's decision not to accept the changes already agreed on by a bipartisan technical committee.

Thursday, March 7, 2013

"Andres Castillo, president of the Committee of Commercial, Industrial and Financial Associations (Cacif), explained that the technical committee formed by the Ministry of Finance, the Tax Authority, the Vice President and the private sector" reached agreement on 28 items which were drafted with the preamble, "which were rejected by Perez Centeno", reported Siglo21.com.gt.

"We do not understand why they are not giving credit to that document. We requested a meeting with the President and the Minister to explain why we are not accepting this", said Castillo.



More on this topic

Guatemala: Illegalities Reported in Tax Reform

January 2013

The Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations is protesting against 40 items in the tax reform laws which came into effect on 1 January.

According to the members, this reform was approved by the Guatemalan Congress without much discussion and in a hasty manner.

Guatemala: Businessmen Request Tax Review

January 2013

Guild members of the Chamber of Industries are in favor of requesting a revision to the current tax reform which came into effect on January first.

The chamber’s president, Andres Castillo said that "some union members" have identified several deficiencies in the tax reform approved by Decree 10-2012, Tax Law Update.

Guatemala: Breaks Put On $432 million Bond Issue

November 2012

Doubts on the legitimacy of government debts to banks and construction companies, which would be paid with the tax revenues, have prompted the president's decision.

The Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (CACIF) expressed its concerns to President Pérez Molina.

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.

 close (x)

Receive more news about Taxes

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Costa Rica ECO-Residential Development & Business

Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available.
The Ocean Ranch eco-residential development is located...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Dec 6)
Brent Crude Oil
70.93
Coffee "C"
242.5
Gold
1,783
Silver
22.505