New Extension for Customs Fines in Guatemala

The exemption for fines established under the National Customs Act will be extended until June 15 of this year.

Tuesday, March 12, 2013

According to Pavel Centeno, the Finance Minister of Guatemala, the deadline is March 15, however, it will be extended, for the fifth time, until 15 June.

"Not a single fine has been charged to anyone and it is a problem because it encourages the kind of disorders there have been in the past and it lowers tax revenues," said the official.

Centeno said the government agreement to expand the exemption of fines is already in the hands of the General Secretariat of the Presidency.



More on this topic

New Extension of Exemption from Customs Fines

September 2013

The exemption of fines for customs offenses will be extended, for the sixth time, until December 15.

The exemption which was to expire on 15 September will be extended until 15 December.

"We are extending the agreement because there is a new Intendent of Customs and we do not want to generate distortion in operations. We believe this will be the last extension to be given," said Pavel Centeno, Minister of Finance, yesterday.

Honduras: Tax Breaks End for 11,000 Businesses

April 2013

Any company who hasn't justified its tax incentives and benefits will stop enjoying them from April 1st.

From a press release issued by the Presidency of Honduras:

Government announces that 11,000 businesses will no longer enjoy exemptions for failure to submit supporting documentation.

Guatemala: Call for Suspension of Customs Law

March 2012

The American Guatemalan Chamber of Commerce noted that the implementation of the Act without the respective regulations is confusing, taking away transparency in the system and increasing costs.

The Guatemalan Chamber of Commerce (AmCham) has requested that the Government suspend the Customs Act, which was included in the recently approved tax reform.

No Customs Penalties For Three Months

March 2012

By executive decree, the government of Guatemala is exempting businesses and individuals from paying fines for customs offenses between March 19th and June 15th, 2012.

In the stipulated period, the Ministry of Finance will exempt any person or legal entity who commits any of the administrative customs offenses punishable by a fine established by the National Customs Act, under Government Agreement No. 51-2012.

 close (x)

Receive more news about Taxes

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Aug 11)
Brent Crude Oil
45.600
Coffee "C"
113.45
Gold
1,944
Silver
27.17