Guatemala: Tax Reform Postponed Until 2010

The year-end leave at the Guatemalan Congress, which runs until January 2010, prevented the government from beginning the new year with new taxes.

Saturday, December 19, 2009

The tax reform bill was not the only project postponed until next year. Other include the Private-Public Alliances Bill, the Integral Rural Development Bill and some modifications to the Criminal Code.

Álvaro Colom refered to the situation: "It is regrettable. While some of us try to construct, others try to prevent the discussion ... but the tax reform bill will be a reality", reported Elperiodico.com.



More on this topic

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.

Updated Tax Law Approved

February 2012

The House of the Congress of the Republic of Guatemala has approved Decree 10-2012, the "Tax Law Update."

A statement from the Congress of the Republic of Guatemala reads:

Due to a national emergency and with votes from 122 ministers, the House of Congress has approved decree 10-2012, the "Tax Law Update," on its final reading and with revisions included, which was put forward by the Executive in order to increase tax collection by at least Q4.5 billion ($575.4 million) over four years.

Guatemalan President Postpones Fiscal Reform

April 2011

The reason given is that, "political conditions are not right for presenting the tax reforms to congress".

Guatemalan president, Álvaro Colom, had announced that he would present a fiscal reform bill in the first quarter of this year. However, he has since said that political conditions are not favorable for going through with the reforms.

Guatemalan Vehicle Importers Reject Tax Reform

March 2010

The new tax reform proposal, presented by the Government, is strongly rejected by new and used auto importers.

Their main concern is the so called “Iprima”, a tax paid the first time a vehicle is registered, and a prohibition to import vehicles older than 7 years.

Vehicle importers are threatening with additional measures to prevent this tax from becoming a reality.

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