Tax Amnesty: Opposite Viewpoints

For the Guatemalan business sector, the conditions are in place to facilitate the exoneration of fines and interest despite being an election year, but for the government, a tax amnesty will not be an option this year.

Friday, May 31, 2019

Because of the tax credit repayment problem that has been reported for several years in Guatemala, businessmen believe it is feasible to make a tax amnesty, but the authorities do not consider it, because they argue that it is not the way to improve tax revenues.

See "The Never Ending Problem of Tax Refunds"

Juan Carlos Tefel, president of the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif), told Prensalibre.com that "... a tax amnesty may be appropriate, because there is a dam of taxpayers who have not received the return of the tax credit by the SAT. It should be analyzed case by case and it must be clear that the amnesty does not forgive the tax if not the payment of interest, fines and surcharges and the tax is always credited. It can be done, but it is not the long-term solution.

In addition, the business sector is convinced that delays in the payment of taxes are caused by the Superintendence of Tax Administration itself, and what should exist is a simplification of the tax system.

The article states that "... In an election year and with a fiscal gap (programmed but not collected taxes) of Q860 million accumulated from January to May, Finance Minister Victor Manuel Martinez did not consider it viable for the Executive to use this route to improve tax revenues. During the monthly meeting of the Economic Cabinet, Minister Martinez said there are a number of actions being implemented such as electronic invoicing, the mandatory use of this instrument by suppliers and controls on the return of the tax credit."

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More on this topic

Tax Amnesty in Panama

March 2020

The National Assembly of Panama approved in second debate the draft law that extends the period of tax amnesty until June 30, 2020.

The initiative proposes that up to 85% of the total interest, surcharges and fines be recognized if payment is made after February 29, 2020 until June 30 of the same year, so that taxpayers may proceed to make their corresponding payments or credits.

Tax Regularization in Panama

September 2013

The National Revenue Authority plans to raise $400 million from taxpayers who will be allowed to regularize their tax status under the Tax Adjustment Act.

Prensa.com reports that "In addition to the so-called regularization or tax amnesty, the law establishes a moratorium for taxpayers who are delinquent in any taxes administered by the Anip.

Another Tax Amnesty in Honduras

March 2013

A law decree under discussion in Congress seeks to grant a tax amnesty on penalties and interest to taxpayers with outstanding accounts with the State.

The draft submitted by the secretary of the CN, Rigoberto Chang Castillo, would grant amnesty to tax charges such as taxes and contributions for improvements, fees, surcharges, fines and surcharges, which must be paid no later than July 31 of the current year .

Reforms to the Costa Rican Tax System

August 2011

The reforms include provision for a fine for non payment of partial income taxes, facilitation of tax refunds, and streamlining of tax collections on luxury homes.


The Legislature has approved the "Project for urgent reforms of the tax administration", the first of the proposals included in the tax reform promoted by the Chinchilla administration in the package entitled "Solidarity Tax Act."

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