Vehicle imports rules unchanged in Guatemala

The import of vehicles older than seven years (manufacture date) will continue as the Government has decided to drop this ban from its fiscal reform proposal.

Friday, August 8, 2008

The minister also stated that the tax base for the registration of used vehicles that are six years or older will remain fixed, while for those that are five years or newer, it will vary.

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Car Imports Drop 50% in Costa Rica

December 2009

32.381 vehicles where imported between January and October of this year, whilst 69.674 where bought in the same period of 2008.

The figures from the Treasury Ministry comprise all vehicles which transit in the country (buses, micro buses, vehicles and light cargo vehicles).

Tax Reform Bill Canceled in Guatemala

August 2009

The tax reform law project was officially withdrawn from Congress by the ruling party.

The project suffered modifications that changed its original concept, as a result of complaints and objections by the opposition.

"... the project known as fiscal reform intended to replace one tax with the Specific Tax to a Terrestrial Vehicle's First Plate", reports Prensa Latina.

Tax for first-time registration of vehicles in Guatemala

December 2008

The minister of Finance asked that the second initiative for fiscal reform be approved; said initiative includes the tax for the first-time registration of vehicles

"At times it seems that the interests of some 25 thousand people, who are the ones that buy new vehicles each year and who argue that they will be affected by the tax for first-time registration, are more important than the interests of a greater number of Guatemalans who will benefited from the resources that will generated," said the Minister, during the presentation of the Code of Ethics and Conduct for the Superintendence of the Tax Department.

Guatemala: New taxes create controversy

September 2008

The proposal to create the Solidarity Tax, another for vehicle registration and one that will increase the VAT paid on vehicles has encountered resistance in the private sector.

Minister of Finance, Juan Alberto Fuentes Knight, defended the fiscal modernization proposal and explained that if new taxes are not created and if the existing ones are not modified, they run the risk of leaving a "fiscal hole" for next year.

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