Tax Amnesties are Bad

They undermine the principle of tax justice and the morality of honest taxpayers, hindering equal competition and promoting impunity.

Wednesday, June 19, 2013

From a statement by the ICEFI:

Guatemala, June 14, 2013

- The approved decree contains a greater amount of tax amnesty, in which benefits are given to delinquent taxpayers and those who have operated at unfair advantage over those who pay their taxes correctly and on time, even aggravating the negative consequences of the tax amnesty applied in 2011. This action violates the principle of tax justice and the morality of honest taxpayers, constituting an obstacle to a desirable climate of competition on equal terms, clear rules and ones which combat impunity.

- The hasty manner and the lack of sufficient analysis of the proposal approved in the Tax Adjustment Act, demonstrates a view of fiscal policy which places the interests of unions above general interests. We urge Congress to promote transparency, openness and public participation in the debate, reflection and analysis of bills on important issues such as fiscal policy.

More on this topic

Tax Amnesty Approved in Panama

September 2019

For interest, penalties or surcharges to be 100% forgiven, taxpayers will have until November 30, 2019 to pay their overdue taxes.

On September 26, the National Assembly approved Bill 78 of 2019, which aims to exonerate from interest, surcharges and fines of taxes that are delinquent and owed by taxpayers.

Fiscal Amnesty in Costa Rica: How will it be?

November 2018

The tax reform law that would be approved in second debate in the coming weeks, involves the exoneration of arrears and penalties for taxpayers who pay their debts in the first three months after the publication of the law.

The proposed measure consists of exonerating 100% of the interest on arrears and up to 80% of the penalty to taxpayers who pay in the first month after the Law is published in the official newspaper La Gaceta.

Guatemala: Tax Amnesty for 90 Days

May 2017

The exemption of fines, interest and surcharges will will be in effect from May 20 and will last for three months for all taxpayers, whether natural or legal.

Diario de Centroamérica reports that "...The Agreement establishes terms to obtain between 100% and 90% exemptions. From that account, taxpayers who pay all their debts within the first month will receive a 100% reduction in fines, interest or surcharges; 95% for those paying in the second month, and 90% for the third month."

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. 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.