More Fiscal Control in Costa Rica

In order to check the results declared at the close of 2013 the Treasury has expanded powers to obtain information from taxpayers.

Thursday, September 5, 2013

An article in by Oscar Rodriguez reports that "In this period, which ends Sept. 30, the Treasury may apply for the first time in a full fiscal year, the rules given in fiscal transparency laws and strengthening tax management, approved in September 2012. " ... " Carlos Vargas, Director General of Taxation, acknowledged that the new powers will allow them to be more effective in the control of the information to state companies and people."

"... Taxation can even request information from third parties, not just the audited taxpayer, " said Randall Madriz, tax expert at Pacheco Coto law firm."

"... Tax inspectors have more direct access to banking and financial records of taxpayers. This power will allow them to detect economic activities which are not recorded in the books. "

More on this topic

Guatemala: SAT Can Not Order Precautionary Closures of Companies

February 2014

Power has been removed from the Tax Authority to preemptively close companies found committing fiscal offense.

The Constitutional Court of Guatemala (CC) gas definitively removed from the authority of the Superintendency of Tax Administration (SAT) its ability to make preventative closures of businesses found not to be complying with the tax laws of the country. The CC had already suspended the rules on an interim basis.

Guatemala: Tax Audits

February 2014

The Tax Authority has started a campaign to control trade in general.

The Superintendency of Tax Administration (SAT) is launching the Massive Fiscal Presence plan to verify tax obligations, under which 200 auditors will make visits to various production facilities. The aim is to check that these are complying with their tax obligations.

Suspension of Business Closures for Fiscal Problems

April 2013

A court ruling has suspended the Tax Authority in Guatemala from closing businesses who fail to comply with tax rules.

Mauro Chacón, President of the Constitutional Court (CC), explained that four actions of unconstitutionality have been presented by the chambers of Agriculture and Commerce, one of which was provisionally suspended by the Supreme Court.

23,000 Bookkeepers to be Investigated

June 2009

The Guatemalan Superintendent of the Tax Administration is investigating income tax return irregularities.

Since the month of April, the Superintendent of the Tax Administration (SAT) has been reviewing Guatemalan bookkeepers who manage and submit the financial statements for the accounts of more than 215,000 businesses.

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