Transportation buses Purchase of buses Public transport prepaid services tender Association of Urban Buses Companies (Guatemala) Government Guatemala Congress city transport system tax ecemption taxes Auto Industry Banco Cathay (Guatemala) Business and Investment

Guatemala: Buses Can Now Be Imported Tariff-Free

For the next three years buses can be imported without paying tariffs, as a new bill came into force on Monday.

Tuesday, June 8, 2010

©image: Zoom Zoom

Called “Bill for Strengthening and Improving Public Transportation”, it allows mass transit association to import buses to replaces existing ones without paying imports tariffs and value-added taxes.

“In addition to waiving taxes for imported vehicles, it also removes levies on prepaid systems, fleet management tools, bus information services, GPS devices and digital recording equipment. Station technology will receive the same benefits but just for two years”.

Source: prensalibre.com

Key entities

Guatemala Congress

Countries

Guatemala

Insight

buses Purchase of buses taxes tax ecemption prepaid services Government Transportation

Guatemala Waives Tariffs For Importing Buses

May 2010

It applies to public transportation buses, and in those departments where the prepaid system will be implemented.

Decree 21-2010, approved by Congress, establishes that transportation companies will be exempt from paying VAT and any other tariffs when importing new buses and micro buses.

Volvo Gets Order For 1000 Buses To Panama City

August 2010

Volvo Buses has received an order for 1000 Volvo B7RLE bus chassis to Panama City. The customer is a consortium in Panama called Transmassivo and is led by the Colombian enterprise Fanalca Group.

Volvo Buses has received an order for 1,000 Volvo B7RLE bus chassis to Panama City. Low fuel consumption and a high level of availability were decisive factors in the customer’s decision to purchase Volvo vehicles.

Honduras Modernizes Urban Bus Fleet

February 2010

The project comprises renewing 40% of the country’s buses in three months.

Blas Ramos, from the General Transportation Directorate, also commented they will develop an executive service with security.

“These new units will feature private security. ... This plan will also be executed for taxis, and it foresees renewing the vehicles every 5 years”.

Guatemala: Memo and March 2011 Tax Calendar

March 2011

Items to be taken into account to carry out an annual transaction study between related companies.

Currently, several countries have existing legislation on transfer prices. The legislation regulates the elements that should be available to carry out an annual survey of transactions between related companies, as well as indicators serving as basis for determining if transfer pricing between related parties are within legal parameters.