Guatemalan Government Convokes National Dialogue

A first encounter will feature 4 discussion aeras: security, tax reform, social projects and economic projects.

Tuesday, January 19, 2010

Regarding taxes, the commitment is to debate an adjustment for the State Budget.

"A new spending limit will be discussed, one that corresponds to the current [and lower] tax collection reality" reported Elperiodico.com.gt.



More on this topic

Guatemala: Illegalities Reported in Tax Reform

January 2013

The Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations is protesting against 40 items in the tax reform laws which came into effect on 1 January.

According to the members, this reform was approved by the Guatemalan Congress without much discussion and in a hasty manner.

$ 64 Million From Germany to Honduras

January 2011

The government signed a technical and financial assistance treaty with Germany for $ 64 million.

The funds will go to social projects on environment and governance, housing and support programs for Micro, Small and Medium Enterprises (MSMEs).

"The Honduran Minister of the Presidency, expressed satisfaction for completing successfully the intense negotiation process between both economic technical teams, which led to the signing of a cooperation agreement for $ 64 million," reported website Proceso Digital.

BBVA Panama To Invest in Social Projects

March 2010

The bank announced it will invest 1% of its net earnings of 2009 in social responsibility projects.

Alberto Conde, CEO of the Panamanian branch, explained their top objectives will be education, football and culture, and that they will invest around $407.000.

He also told newspaper La Estrella that “this year, over 1.000 kids from around the country have benefited from our scholarships”.

Guatemala: New taxes create controversy

September 2008

The proposal to create the Solidarity Tax, another for vehicle registration and one that will increase the VAT paid on vehicles has encountered resistance in the private sector.

Minister of Finance, Juan Alberto Fuentes Knight, defended the fiscal modernization proposal and explained that if new taxes are not created and if the existing ones are not modified, they run the risk of leaving a "fiscal hole" for next year.

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