Disclosure by public officials of their income, assets and interests should be mandated if the fight against corruption is to succeed, according to a study released today by the Stolen Asset Recovery (StAR) Initiative of the World Bank and the United Nations Office on Drugs and Crime.
Panama is calling for expressions of interest for providing the design and operation of a computer system to control fiscal equipment.
According to a publication in Panamacompra.gob.pa:
The Republic of Panama, through its Ministry of Economy and Finance (MEF) has received financing from the Inter-American Development Bank (IDB) and intends to apply part of the funds to execute a program for strengthening fiscal management.
The Superintendency of Tax Administration of Guatemala has launched the web portal "Declaraguate" which allows the declaration and payment of taxes online.
Initially the system is enabled for the payment of Value Added Tax, and it is expected to include the declaration and payment of income tax (ISR) in the first quarter of 2012.
"Taxpayers can fill out your forms and correct them from the site www.declaraguate.gt and can make online payments through Banco Industrial and Banco de Desarrollo Rural (Banrural) or pay physically at Bancasat. You do not need a password to enter and print the SAT-2000 form in order to make the payment", explained Elperiodico.com.gt
Panamanian businesses with turnover of less than $36 thousand a year will have access to a tax credit for up to 100% of the value of the equipment.
The credit is for the purchase of a single piece of equipment whose price can not exceed $850.
With the new regulations to be included in the amendments to Bill 375, the General Directorate of Income is trying to alleviate the economic impact for micro businesses.
Funes vetoed a legislative decree which removed the obligation of taxpayers with annual salaries exceeding $ 75 thousand a year or property worth more than $ 300 thousand.
In the article by Mirella Cáceres and Liseth Alas from Elsalvador.com, they outlined that "the president based his decision on the fact the measure would limit the actions of the Tax Administration in their fight against tax evasion and tax avoidance and that it would violate articles 1, 3, 86 and 131 of the Constitution."