More Taxes in Guatemala

The Government is requesting approval of a new tax package, for financing increased spending by the State.

Wednesday, August 26, 2009

The editorial in newspaper "El Periódico de Guetemala", recalls campaign promises by President Colom, of not raising taxes. The government is instead pushing for increases, at a time when tax cuts should be done to fight the economic crisis.

"A responsible government, facing this precarious and potentially explosive situation, should tighten its belt, as all Guatemalans are doing, and reduce public spending to realistic levels, as well as looking for spending efficiency and rationality".

More on this topic

Honduras: Second Fiscal Reform

July 2011

With the new taxes the government intends to raise between $200 and $250 million.

What started as a tax to raise funds to fight the insecurity plaguing the country, has ended up become a second tax reform, with a package of taxes to be levied on economic activities.

Taxes on income, sales, and gross financial savings, especially for the banking sector are some of the new taxes that the government has decided to implement, the second time it has made changes in just eighteen months.

Businesses say NO to Security Tax

July 2011

Governments should control tax evasion, expand the tax base and combat corruption, increasing revenue to finance the fight against insecurity.

A statement by the Federation of Chambers of Commerce of Central America (FECAMCO) reads:

THE FIGHT AGAINST DRUG TRAFFICKING AND SOCIAL VIOLENCE DOES NOT SOLEY DEPEND ON MORE TAXES

Is it necessary to raise taxes in Guatemala?

April 2010

Increased economic activity and tax collection imply that increasing taxes will be counterproductive.

The crisis seems to be over. At its worse, fiscal revenue fell, linked to less consumption, exports and imports. This effect teamed with sustained levels of social expenses, and left the government very short on resources, a problem authorities intend to solve via tax hikes.

Salvadoran Businessmen Demand Tax Agreement

April 2010

FUSADES, the Salvadoran Development Foundation, insisted that the country must land a tax agreement including more than tax increases.

Fusades held a forum called “Democracy, Transparency and Development: the road to a fiscal agreement” with the participation of experts and specialists.

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