Guatemala: Tax Collection down 8.3%

In June, the government revenue superintendency collected $1.99 billion, less than the $2.17 billion for the same period of 2008.

Thursday, July 9, 2009

Rudy Villeda, who heads the government revenue superintendency (Superintendencia de Administración Tributaria, SAT, in Spanish), indicated that preliminary figures put revenue for the month of June in $286 million.

Journalist Lorena Alvarez writes in her article in "Income tax collected $431 million, short of the $486 forecasted, due to a drop in company sales and profits. Value added tax and international trade taxes fell 21.6% when compared to last year, because of the reduction in imports."

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Guatemala: Tougher Controls to Taxpayers

July 2009

New measures have been put in place to improve tax collection, among them electronic embargoes of banking accounts and properties.

At customs, the government revenue authority, known as SAT, will develop a program dubbed "Aduana Segura II" (Secure Customs II), a closed circuit of TV cameras overseeing entrance and departure of merchandise.

Guatemala: Tax Controls Increase

July 2009

The tax revenue authority (SAT) is looking to increase collection by expanding the tax base.

Facing a projected drop in tax income for this year, the SAT has increased controls, focusing on productive sectors with high nonpayment indexes.

From a article: "As an example, the money collected in fighting smuggling and customs evasion reached $6.7 million, which was obtained as a result of a joint effort of the Governance and Defence Ministries, the Economic Theft Prosecution of the Public Ministry and SAT inspectors".

El Salvador: Tax Collection Decreases by 15%

April 2009

In February, the government collected $199.9 million in net taxes, 15.61% less than the $236.9 million collected in January.

According to official figures from the Central Reserve Bank (BCR), tax collection for February was also 13.76% lower than during the same period in 2008.

Guatemala Lowers Tax Collection Target by 9.3%

March 2009

The SAT lowered its tax collection goal for 2009 by $441.

For 2009, the Tax Administration Superintendent (SAT) in Guatemala had planned to raise $4.758 billion, but it reported yesterday that the target was adjusted to $4.32 billion, a decrease of 9.28%. reported that the Finance Minister, Juan Alberto Fuentes Knight, addressed the impact on the fiscal deficit: "It would have to be covered by a decrease in operating expenses, plus donations and debt grants pending approval, but it is expected that the aforementioned deficit will remain at 2%."

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ADPROGUA is a Guatemalan company dedicated to handle residential, commercial and industrial properties.
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