Honduras: Tax Simplification Urged

Less complex administrative systems and a simplified tax system are the requests made by the private sector to the government in order to improve the country's competitiveness.

Thursday, January 22, 2015

In order to improve competitiveness and the business climate, the Honduran Council of Private Enterprise has asked the government to simplify the tax code and streamline public procedures. "...The aim is to ensure the economy will grow and allow the State to collect resources in order to meet its obligations. "

The Finance Secretary Wilfredo Cerrato told Laprensa.hn that "... A pledge has been made to work together on a reform which includes the revision of rates, decrees and all legislation to ensure simplification of taxation. The aim is to ensure the economy will grow and the State will be able to collect resources in order to meet its obligations. "

For his part, the President of the Chamber of Commerce and Industry of Cortés, Emin Abufele, added "... The importance of establishing simplified administrative systems has been raised along with creating a new tax system to allow the country to be highly competitive. "

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