In the first quarter of 2010 tax revenue summed $1.13 billion, a 7.9% increase when compared to the same period of 2009, when $1.05 billion were collected.

“According to preliminary SAT data, collection of Value-Added Tax increased due to more international trade”, reported Elperiodico.com.gt.

Source: elperiodico.com.gt

More on this topic

Panama: Tax Amnesty to the End of 2021

March 2021

The National Assembly approved in third debate the bill that extends until December 31 of this year the validity of the tax amnesty, which initially arose in 2019.

The extension of a fourth General Tax Amnesty, which arose in 2019, approved, in third debate, the National Assembly and represents a savings of US$29 million to taxpayers, says an official source.

Tax Fraud: New Cases in Guatemala

March 2021

Chang y Compania and Mag Alcoholes, are two companies that during March were audited by local authorities, after the detection of the possible crime of tax and customs fraud.

Representatives of the Superintendencia de Administración Tributaria (SAT) informed that on March 10, the Juzgado Pluripersonal de Primera Instancia Penal en Materia Tributaria y Aduanera ("Pluripersonal Court of First Criminal Instance in Tax and Customs Matters") ordered the intervention of the company Mag Alcoholes, and on March 22, the Juzgado Quinto de Primera Instancia Penal ("Fifth Court of First Criminal Instance") ordered the intervention of the warehouse Chang y Compania.

Taxes: When Plans Fail

July 2019

Although Costa Rica and Nicaragua approved fiscal reforms this year, it is predicted that the expected results in terms of tax collection will not be achieved.

The document "Centroamérica: análisis sintético, por país, del desempeño de la recaudación tributaria en 2019", prepared by the Instituto Centroamericano de Estudios Fiscales (Icefi), explains that, in the case of Costa Rica and Nicaragua, the expected results in terms of improved collection are still in doubt.

Increase in Panama's Fiscal Effeciency

July 2016

Optimization of the DGI's management practices has been cited as the cause of the 14.3% increase in tax revenue collection in the first half of the year.

From a statement issued by the Ministry of Finance:

The collection of tax revenue for the first half of the year increased by 14.3% compared to the same period in 2015, according to the latest preliminary report released today by the Directorate General of Revenue (DGI) at the Ministry of Economy and Finance (MEF).