Who Gets Tax Exemptions in Guatemala?

Complaints have been made that there is not a clear and complete record of the number of companies benefiting from special tax regimes.

Tuesday, February 24, 2015

It is estimated that there are approximately 3,000 taxpayers who fall under the tax exemptions regime, either totally or partially. However, this data has not been confirmed by the Superintendency of Tax Administration, even though it had to submit its first report in 2014, according to the rule which came into effect in November 2013.

Ricardo Barrientos, senior economist at the Central Institute for Fiscal Studies, told Elperiodico.com.gt that "... The rule became effective in November 2013 meaning that the new unit should have been operating from 2014 and should have presented the first report. This report should be public for reasons of transparency and in order assess, quantify and make judgments about potential impact. "

For his part, Deputy Carlos Barreda of the National Union of Hope, added "... These are big numbers, especially when looking at those exempted under the Act of Free Zones and Maquila Companies where there is not a good level of control. On the side of the institutions, we believe that there should be more controls to prevent businesses or institutions claiming expenses in order to evade taxes that have nothing to do with religious or educational activity. "

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