Guatemala: Tax Credit Refund Accelerated

The almost $300 million in tax credit that the tax administration plans to return in the short term correspond to requests for fiscal years from 2013 to 2015.

Tuesday, August 1, 2017

A year after modifying the processes to provide more transparency in the return of tax credits to exporting companies, the Superintendency of Tax Administration is preparing to accelerate the procedures and return credits that have been delayed for more than two years. Intendant Leonel Villamar commented that "... "There is a dam that we need to evacuate and we are working with taxpayers to speed up delivery."

The superintendent, Francisco Solórzano Foppa, explained to Prensalibre.com that "... we are not going to give up the processes that are under investigation after having discovered a network in the Superintendency of Tax Administration (SAT), that managed returns in exchange for commissions."

"... A year ago, Solórzano Foppa had 'frozen' the refunds when fraud was discovered in the case of Aceros de Guatemala and a thorough review was requested of each of the pending applications. A number of exporting sectors had repeatedly complained about delays in repayment and the risk it posed." 
  
See "Guatemala: Serious Delay in Tax Credit Returns".

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Standardizing procedures and applying administrative silence in favor of the taxpayer, are some of the proposals that Congress has received for reforming the current regulations.

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Last week, the Public Prosecutor's Office announced the dismantling of a structure that facilitated refunds of the tax credits through means of illicit payments, operating both internally and externally in the Superintendency of Tax Administration.

Guatemala: Serious Delay in Repayment of Tax Credits

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