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

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.

Guatemalan Cardamom and Ramadan

August 2012

The current harvest will not be in time to take advantage of peak consumption which occurs during Ramadan, which this year has been moved forward in the calendar.

An article in Elperiodico.com.gt reports that "Guatemala is the largest exporter of cardamom in the world and supplier to Middle Eastern countries, but this year it will not be able to take advantage of Ramadan, as India, the largest producer, has started its harvest last month. "

Guatemalan Cardamom Exports Increase by 177.6%

May 2009

Up to and including May 14, a record of $172.3 million for sales of the grain was registered with respect to the $62.1 million sold during the same period in 2008.

According to data from the Bank of Guatemala, almost all cardamom is exported to the countries of Saudi Arabia, UAE, Jordan, Kuwait, India, Pakistan, Syria, Israel and Singapore.

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