VAT Refund for Coffee and Cardamom Exporters

In Guatemala, 72 complaints have been filed against several exporters for alleged simulation of purchases to claim a refund of the tax credit from the SAT.

Monday, October 9, 2017

Businesspeople who are exporters of coffee and cardamom said that the Superintendency of Tax Administration (SAT) owed them more than $100 million in tax refunds, which correspond to requests made since 2011.

Elperiodico.com.gt reports that "...The Association of Exporters of Cardamom (Adecar) and the Association of Coffee Exporters (Adec) presented 23 appeals of unconstitutionality against criminal charges for the alleged simulation that the SAT argues."

"... In response, a representative from the SAT, Adela Vásquez and the representative of the Public Prosecutor, Francisco Azpurú, asked the magistrates of the CC to declare without merit the allegations put forward by the exporters."

More on this topic

Good Figures for Cardamom

February 2018

In 2017, cardamom exports from Guatemala totaled $367 million, and the 60% increase compared to the previous year was mainly due to an increase in the international price.

The increase in export value was mainly due to an increase registered in the price of cardamom on the international market over the past year, as it increased from $6.42 per kilo in 2016 to $10.27 per kilo in 2017, which represents growth of 60%, which coincides with the increase in the amount sold abroad.

Guatemala: Cardamom Exports Recover

January 2018

Favored by an improvement in international prices, from January to November 2017 the country sold $317 million worth abroad, 71% more than was exported in the same period in 2016.

In the first 11 months of 2016, the country sold $186 million worth of cardamom abroad, 11% less than was sold in the same period in 2015. 

Guatemala: Cardamom Exports Up 30%

October 2017

The 2016/17 harvest closed with a total export amount of 29,700 tons, equivalent to $300 million in revenues, 30% more than in the previous season.

In the harvest that just ended, the improved revenue was achieved with a lower export volume, due to an increase in the international price. In the 2016/17 season, 38 thousand tons were exported and $230 million were generated.

Guatemala: Increased Cardamom Production

March 2015

After a difficult year because of the impact of the Thrips pest and declining international prices, at the end of 2014 $240 million were generated in export earnings.

With the annual increase of 10% in production, Guatemala maintains its global market lead in cardamom sales.

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