Proposal for 27 Changes to Tax Reform in Guatemala

Businessmen and government officials have agreed to amendments to be raised in a new bill amending the Tax Update Act and the Anti-Evasion Act.

Friday, February 8, 2013

The Guatemalan government in conjunction with the business association is preparing a bill to be submitted to Congress with the aim of reforming the Tax Update Act and Anti-Evasion Act.

Elperiodico.com.gt, reports that "in a general way, the former deputy finance minister and deputy Carlos Barreda and Johnathan Mencos, from the Central American Institute for Fiscal Studies (ICEFI), helped make a first interpretation of these changes (27 items in total) ".

Among the changes proposed in the table is the release of obligation by entrepreneurs in the payment of employees in case of closure of a business.

"I prefer to call them areas where we coincide rather than agreements," said Javier Zepeda, director of the Chamber of Industry, referring to changes to the tax reform.

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