Guatemala: Taxes on Telephony, Cement and Mining Eliminated

A declaration of unconstitutionality has been given to the $0.65 tax per bag of cement distributed, the same amount per phone or fixed line and 10% on royalties for mining.

Friday, September 18, 2015

The controversial tax was proposed by the Pérez Molina administration to finance part of the budget for 2015 and the intention was to raise about $2.6 billion.

The decision to declare them unconstitutional was taken unanimously by the judges, leaving "... annulled the following fiscal items: Q5 monthly tax for each telephone line or fixed or mobile- and the cancellation of Q100 by telephone centre or lines concentrated at these places. The rule challenged by law suits, because it represented double taxation, had been suspended since 8 January. "

".. $ 0.65 (Q5) tax per bag on the sale of cement in the country, which before the entry into force of the relevant decree was $0.19 (Q1.50) per unit. "

"... 10% in royalties or payments to the State for the use or extraction of mineral resources in the country. Until the adoption of the respective law, the companies paid the Treasury 1%. "

More on this topic

Guatemala: Cost of Extracting Material Goes Up

January 2017

From January 10 there will be a rise in the fees for operating licenses for extracting construction materials, precious stones and semiprecious stones and other materials.

Arguing that the charges that have been in effect up until now "do not allow the state to comply with the policies and plans of the government, for the mining sector," the Ministry of Energy and Mines has made changes to the the fees for mining licenses.

Guatemala Oil is No Longer Competitive

March 2016

The decline in global prices is the main reason behind the abandonment of several areas on the part of concessionaires, added to which is confusion around the mining moratorium.

Guatemala went from extracting 9 million barrels of oil in 2003 (a daily average of 24 thousand barrels) to just 3 million in 2015 (10 thousand barrels per day), recording a drop in production of 59.4% in twelve years.

Panama: More Taxes on Building Materials

April 2015

In order to pay for the increase in pension payments, an increase has been made to taxes on extraction of aggregates, which represents an increase of 12 to 25% in the price of housing.

Government officials say that the new tax on the final price of housing only represents an increase of 1%, while the construction industry argues that prices will rise by 25%.

Taxes on Sand Mining in Panama

October 2014

An announcement has been made that there will be a review on the structure of taxes charged to businesses engaged in sand mining in the district Capira province of Panama.  

Currently just 5 sand providers pay tax on extraction of mineral stone, which is $0.40 per cubic meter, therefore the structure and form of tax collection will be reviewed in order to increase municipal revenues.

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