Tax Revenues Up 5% in Guatemala

In the first third of 2013 the state collected $2.111 billion, $110 million more than in the same period last year.

Tuesday, May 7, 2013

The figure is below the target set by the Tax Authority, which in this period was $2.277 billion, to cover the spending budget prepared by the Ministry of Finance.

Carlos Muñoz, head of the SAT, said the figure is lower than expected due to falls in the collection of value added tax on imports, income tax and road tax.

"In the opinion of the official, the situation is that there are 34 claims of unconstitutionality against the Tax Update Act passed by Congress last year, which has meant that "a lot of people are waiting for the Constitutional Court to make a resolution before paying their tributes "" reported

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Panama: Fiscal Revenue Up 15%

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From a statement from the Department of Revenue (DGI in Spanish):

Current Income:

Current revenue during August totaled B/.420.2 million, exceeding by B /.

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The Directorate General of Revenue (DGI) of Nicaragua raised between January and June 2012 some $603 million, which is 21.15% more than in the same period in 2011.

The total revenue collected exceeded the target set in the General Budget of the Republic by 7% .

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In the first 10 months of 2011, tax revenues reached $4.723 million, 18.4% higher than in the same period in 2010.

The increase in revenue is due in part to a significant increase in the collection of Income Tax (32.9%).

"Pablo Urrutia, analyst from the Association for Research and Social Studies (ASIES in Spanish), thought that in addition to these figures and percentages, it would be necessary to look at other factors, such as prices and inflation. 'Even if more money has been collected, if you do not have better spending there is no real benefit, despite the fact that economic growth has increased’”, reports

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During the first three months of the year, tax authorities collected $1.257 million in taxes, $264 million more than the same period of 2010.

Luis Cacalón, revenue director at the Economy Ministry, reported that current revenue rose to $583.1 million in March, 16.8% more than in March 2010.