President Laurentino Cortizo sanctioned Law 208 of April 6, 2021, which extends until December 31 of this year the validity of the tax amnesty, which initially arose in 2019.
With this initiative of the Executive, enacted in Official Gazette and which is part of the Economic Recovery Plan (phase 1), taxpayers will have until August 31, 2021 to make payments or enter into payment arrangements with respect to tax obligations not fulfilled until January 31 of this year, official sources informed.
The National Assembly approved in third debate the bill that extends until December 31 of this year the validity of the tax amnesty, which initially arose in 2019.
The extension of a fourth General Tax Amnesty, which arose in 2019, approved, in third debate, the National Assembly and represents a savings of US$29 million to taxpayers, says an official source.
The National Assembly of Panama approved in second debate the draft law that extends the period of tax amnesty until June 30, 2020.
The initiative proposes that up to 85% of the total interest, surcharges and fines be recognized if payment is made after February 29, 2020 until June 30 of the same year, so that taxpayers may proceed to make their corresponding payments or credits.
For interest, penalties or surcharges to be 100% forgiven, taxpayers will have until November 30,
2019 to pay their overdue taxes.
On September 26, the National Assembly approved Bill 78 of 2019, which aims to exonerate from interest, surcharges and fines of taxes that are delinquent and owed by taxpayers.
The Guatemalan Congress approved a bill that contemplates the creation of a special tax regime for agricultural activity.
Although this bill was involved in controversy days ago, as the chambers of industry and commerce expressed their opposition, Congress decided to approve the bill. See full bill.
For the Guatemalan business sector, the conditions are in place to facilitate the exoneration of fines and interest despite being an election year, but for the government, a tax amnesty will not be an option this year.
Because of the tax credit repayment problem that has been reported for several years in Guatemala, businessmen believe it is feasible to make a tax amnesty, but the authorities do not consider it, because they argue that it is not the way to improve tax revenues.
On December 5th, will begin the period in which the taxpayers who pay their debts in the first three months after the publication of the Law will be absolved of arrears and sanctions.
The publication of the Law to Strengthen Public Finances in the official newspaper La Gaceta marks the beginning of the three-month period for taxpayers with debts to the Ministry of Finance, the Instituto Mixto de Ayuda Social (Imas), the Instituto de Fomento y Asesoría Municipal (Imas) and the Instituto de Desarrollo Rural (Inder) to update their accounts without charging interest and penalties.
The tax reform law that would be approved in second debate in the coming weeks, involves the exoneration of arrears and penalties for taxpayers who pay their debts in the first three months after the publication of the law.
The proposed measure consists of exonerating 100% of the interest on arrears and up to 80% of the penalty to taxpayers who pay in the first month after the Law is published in the official newspaper La Gaceta.
In order to facilitate the formalization of more companies, in Costa Rica the private sector has proposed to the government the implementation of a fiscal amnesty exclusively for the informal sector.
The Costa Rican Union of Chambers and Associations of Private Enterprise (Uccaep), proposes that the tax amnesty be carried out avoiding retroactivity and reprisals, and that it has a short period of duration.
The Legislature has approved the exempt from fines, interest and surcharges to those who are behind in the payment of tax and customs obligations, for a term of three months.
From a statement issued by the Legislature:
In order to allow people who owe this tax to regularize their situation without acruing interest or surcharges, the Legislature has authorized the issuance of the Transitory Law to Facilitate Voluntary Compliance with Tax and Customs Obligations.The effects of this measurewill be effective within a period of three months from its entry into force.
The Congress approved extending until December 31, 2017 the deadline for the period of amnesty for tax and customs fees contained in article 213 of the Tax Code.
From a statement issued by the Congress of Honduras:
September 27th.The Mobile Congress held in Choluteca on Wednesday, approved a decree aimed at extending the amnesty until December 31, 2017, for tax and customs fees contained in Article 213 of the Tax Code, amended by Decree 32-2017 .
The SAT has extended until September 19 the deadline for the exemption of 90% of fines, interest and surcharges for taxpayers, whether natural or legal.
The tax amnesty announced by the Superintendency of Tax Administration in May of this year and which was to have a term of three months, has been extended for 30 more days, until September 19.
From September 1 to December 1, is the timeframe for companies to make use of an amnesty to regularize the payment of corporation tax.
Corporations that are behind in payments of the tax from the periods of 2012 to 2015 can apply for the amnesty and pay only the principal of the debt.
The Registry Office of Legal Entities of the National Registry confirmed to Nacion.com that"... the benefit will be maintained for a period of three months, i.e. the deadline is December 1, as defined by the Tax Law on Legal Entities. "
September 30 is the deadline for companies to take advantage of the amnesty for regularization in the payment of income tax.
Latribuna.hn reports that "...The Legal Adviser of the Honduran Council of Private Enterprise (Cohep), Gustavo Solórzano, explained that the benefit of regularization consists of the payment of 1.5% on income from one of the last five years, or from 2012 to date.He also stressed that now, with the extension, "it includes up until December 2016, so it covers the entire fiscal period."
The exemption of fines, interest and surcharges will will be in effect from May 20 and will last for three months for all taxpayers, whether natural or legal.
Diario de Centroamérica reports that "...The Agreement establishes terms to obtain between 100% and 90% exemptions.From that account, taxpayers who pay all their debts within the first month will receive a 100% reduction in fines, interest or surcharges; 95% for those paying in the second month, and 90% for the third month."