Experts and authorities believe that the ruling by the Guatemalan Constitutional Court revoking the suspension preventing access to taxpayers' bank information for fiscal purposes could be reversed with another legal action.
In recent days, the issue has become more relevant in the country, because after a year of being suspended access to banking information for tax purposes, on August 6 the Constitutional Court finally ruled, authorizing the Superintendence of Tax Administration (SAT) to review the accounts of taxpayers.
In recent years, the number of motorcycles in Guatemala has increased by 13%, from 1.33 million units registered in July 2017 to 1.5 million reported in the same month in 2019.
According to data from the Tax Registry of Vehicles of the Superintendence of Tax Administration (SAT), up to July 2019 the country's active vehicle fleet registered 3.76 million units, of which 40% corresponded to motorcycle type vehicles.
Starting in April, purchases made by the State of Guatemala in amounts greater than $11,500 must be made using an online electronic invoice.
According to the Ministry of Finance, the willingness to pay through an online Electronic Invoice FEL applies to public purchases in the modalities of Tender, Quotation, Open Contract or Reverse Electronic Auction.
Industria La Popular, Grupo Cropa and Grupo Vical, are the three companies qualified as new Authorized Economic Operators by the Superintendency of Tax Administration.
According to the authorities at the Superintendency of Tax Administration (SAT), the figure of Authorized Economic Operator (OAS), which is recognized by the World Trade Organization, facilitates trade, security and control, as well as compliance in tax, customs and legal matters.
The Tax authorities have announced that during the first quarter of the year they expect to start making reimbursements corresponding to requests for the fiscal periods of 2013 to 2015.
The acting superintendent of the Tax Administration, Abel Cruz, said that companies that have already been audited will be able to receive the corresponding settlement.
Businesses are asking the Executive to reactivate the National Commission against Smuggling to protect issues such as competitiveness, intellectual property rights and the rights of consumers and entrepreneurs.
When the criminal customs fraud structure in Guatemala known as La Linea fell, the National Commission Against Contraband (Conacon) ceased to be operational. For this reason, representatives of the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (CACIF) met with the President and Vice President, Jimmy Morales and Jafeth Cabrera, in order to revive the entity, reported Elperiodico.com.gt.
Remittances received in 2011 exceeded shipments in recent three years.
According to information from Banco de Guatemala at the end of the year, reported $4,378 million, a 6.1% higher than the $ 4,100 million received in 2010.
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