Guatemala: How to Reform the Tax Administration

Reviewing the regulation on banking secrecy and replacing the board of the SAT with a new Administrative Tax and Customs Tribunal are part of the proposals to improve tax administration in the country.

Monday, February 22, 2016

From a statement issued by the Central Institute for Fiscal Studies (Icefi):

Guatemala.- During the session of the Committee on Public Finance and Currency of the Congress, on February 19, the Icefi participated in a specific working session to discuss amendments to the Organic Law of the Superintendency of Tax Administration (SAT ), during which the final version of the Diagnostic was released and a roadmap proposed for effective tax administration.

The Icefi proposed replacing the board of the SAT with a new Tax and Customs Administrative Tribunal, a collegiate body which would be responsible only for solving administrative resources, responsibility and accountability. This is derived from the fact that the Board proved to be ineffective and inefficient, and did not assume any responsibility for all of the corruption scandals in the SAT.

Read full report (spanish).



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The new head of the Superintendency of Banks intends to resume the discussion in Congress of a bill which would regulate banking secrecy in the country by way of tax audits.

With the aim of improving tax controls, the Superintendency of Banks (SIB) seeks to reform national legislation for the regulation of banking secrecy in order to access "... Banking information of taxpayers, under guarantees of confidentiality."

Costa Rica: Discussion on Bank Secrecy Relegated

July 2011

The urgency to pass the tax reform, among other things, has taken center stage in the government's agenda of issues.

The removal from the list of countries classified as tax havens, and the priority that the government has given other issues has meant that the discussion and approval of the Law on Fiscal Standards and Transparency, which contemplates the possibility of lifting the secrecy in banking in certain cases has been relegated.

Guatemala: Urgent Need to Eliminate Banking Secrecy

April 2011

The country could face economic sanctions if congress fails to approve new laws in its next two sessions.

Guatemalan banking regulator, Édgard Barquín, has reiterated several times to congress the urgency of approving the Banking Secrecy Law that will enable the country to come off the list of those that do not cooperate with fiscal transparency.

Honduras: Two Anti-Evasion Bills

October 2010

One focuses on banking, with consequences on bank confidentiality and has drawn criticism from various sectors.

Latribuna.hn published, "the former head of the National Commission of Banking and Insurance (CNBS), Gustavo Alfaro, said yesterday that there is confusion regarding the two projects related to fight against tax evasion one submitted by liberal Congressman Jose Simon Azcona Bocock and the other by Deputy Minister of Finance (MOF), Carlos Borja."

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