Honduras: Two Anti-Evasion Bills

One focuses on banking, with consequences on bank confidentiality and has drawn criticism from various sectors.

Friday, October 8, 2010

Latribuna.hn published, "the former head of the National Commission of Banking and Insurance (CNBS), Gustavo Alfaro, said yesterday that there is confusion regarding the two projects related to fight against tax evasion one submitted by liberal Congressman Jose Simon Azcona Bocock and the other by Deputy Minister of Finance (MOF), Carlos Borja."

The bill submitted by the MOF is called "Tax System Update, Customs and Anti-Evasion Measures" and the one presented by Deputy Azcona Bocock is entitled "Anti-Evasion Law."

According to Gustavo Alfaro, the project presented by Finance does not violate bank secrecy while the one presented by Deputy Azcona does.

More on this topic

Costa Rica: Details of Anti Tax Evasion Bill

August 2014

Limiting the deduction of interest from income tax and eliminating the exemption from payment of 15% for dividend distribution between companies are part of the changes included in the project.

The Bill to Improve Anti-Tax Fraud, presented by the Ministry of Finance amends various tax issues that must be taken into consideration by companies operating under Costa Rican law.

Guatemala Seeks to Raise $58 Million with 'Anti-evasion Law'

April 2011

A new attempt is being made by the Álvaro Colom government to increase tax collection by enforcing the so-called 'Anti-evasion Law'.

The bill contains administrative measures to improve control over and auditing of existing taxes as well as standardize aspects that seek to combat tax and customs fraud and smuggling, according to a communication from the Finance Ministry.

Tax Evasion in Guatemala Reaches 7% of GDP

January 2011

There is urgent need to strengthen the Superintendence of Tax Administration (SAT) with audit and control instruments.

Tax evasion reached $ 2,500 million, and businessmen insist that before a tax reform is passed, increasing tax burden and affecting competitiveness in the country, it is required "to improve the fight against tax evasion and customs smuggling."

Honduras: Anti-Evasion Law Faces Criticism

October 2010

The new law would empower the Tax Authority to investigate bank accounts, which currently can only be done by courts of law.

Leaders of the Honduran Council of Private Enterprise (COHEP) noted that the Anti-Evasion Law violates bank secrecy.

Within the criticism drawn by the bill, the executive director of COHEP, Armando Urtecho, told Tiempo.hn that they consider harmful, the law to grant an administrative officer the power to break bank secrecy, as it always has been prerogative of a judge and for concrete facts but not to be made public."

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