Guatemala: Fiscal Reform in 2011

After four failed attempts in Congress, the Government will resume the subject next year.

Tuesday, November 30, 2010

Rolando Del Cid Pinillos, Finance Minister, said that this time, the government will not make a large public consultation, but will negotiate with all productive sectors on a case-to-case basis.

"We need to study tax breaks, because there are some that are no longer useful and may disappear, we are checking thoroughly to remove these privileges," the minister told Sigloxxi.com,"... the government is in disposition of giving in order to get."

More on this topic

Plans for Fiscal Reform in Nicaragua

April 2018

The Government and the private sector have started negotiations to create a proposal for fiscal reform, which could include, among other things, changes aimed at achieving the financial sustainability of the Social Security scheme.

Without revealing details of the first sessions, the Higher Council of Private Enterprise (Cosep) reported that the reform negotiated with the authorities is focused on preventing insolvency of the Nicaraguan Social Security Institute and guaranteeing the country's economic growth.

Proposal for 27 Changes to Tax Reform in Guatemala

February 2013

Businessmen and government officials have agreed to amendments to be raised in a new bill amending the Tax Update Act and the Anti-Evasion Act.

The Guatemalan government in conjunction with the business association is preparing a bill to be submitted to Congress with the aim of reforming the Tax Update Act and Anti-Evasion Act.

Honduras: New Finance Package

November 2012

The Government has submitted to Congress a package of tax measures which includes the unification of tariffs with the rest of Central America.

One initiative amends the import duty rate, currently at 5%, to bring it to 25%.

"Also to be sent is an initiative aimed at eliminating the road contribution which corresponds to a subsidy that thermal power generating companies receive on fuel imports." We talked about the elimination of the road contribution... We are removing this subsidy from thermal companies and making it clear: consumers will not have any problems because the state will give more than 1,100 million lempiras to pay the Enee so as to not affect end consumers", said Francisco Rivera, president of the Commission of Congressional Budget.

Guatemala: Group Formed to Push Tax Reform

July 2011

Economists and former officials from the government make up the G-40 team, which is promoting fiscal reform.

The team of former Ministers of Finance, economists, former government officials and researchers from different ideological persuasions, aims to resurrect the financial proposal by the Tax Dialogue Promotion Group ("Grupo Promotor del Diálogo Fiscal") which was presented in 2008.

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