Tax Amnesty Announcement in Guatemala Denied

The Superintendent of Tax Administration has contradicted the announcement made by the finance minister and ruled out a possible tax amnesty in the short term.

Monday, April 4, 2016

The highest tax authorities in Guatemala are contradicting each other. Although the minister of Finance, Julio Héctor Estrada, announced a possible tax amnesty for the second half of this year, Juan Francisco Solórzano Foppa, head of the Tax Authority (SAT) said in remarks published by that "there will not be a tax amnesty".

"... He said emphatically that at this time, instead of helping, it would undermine tax revenues and benefit those who have been defrauding the state. The official believed that there had been a misrepresentation of the words of President Jimmy Morales, who mentioned it to the press in two public appearances."

"... Solórzano Foppa said his agenda is different. "Our main goal is to increase revenue and an amnesty would favor people who have been defrauding the state. In our opinion, promoting in some way rulings against these fraudsters is one of the steps we are taking and implementing.'"

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