Guatemala: Government Expands Tax ReformDespite several announcements of new taxes, the government will focus on controlling tax evasion and leave the decision to implement a tax reform to future administrations.Tuesday, February 3, 2015
According to authorities at the Ministry of Finance, at the moment there is no consensus for fiscal reform. The priority now will be to pursue and strengthen tax administration in order to meet budget expenditures this year. Instead of implementing new taxes, they will seek to "... reduce default levels mainly in Income Tax (ISR) and Value Added Tax (VAT)." Source: elperiodico.com.gt ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Tax Exemptions RevisedFebruary 2015 As part of a plan to reduce the fiscal deficit, the Finance Ministry is preparing a bill which aims to amend the existing tax exemptions scheme. Costa Rica: Anti Tax Evasion BillJune 2014 The new Solís administration plans to establish the Value Added Tax and demand proof of tax payment for procedures in public institutions and on application for bank loans. Tax Reform to Reduce Public SpendingJanuary 2013 In Costa Rica a new tax reform package includes an attempt to reduce state expenditures by 1% of GDP. New Fiscal Rules Effective in NicaraguaJanuary 2013 On January first new rules came into force on taxation which reduce income tax, and others that aim to reduce tax evasion.
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