Government Taxes Congress of the Republic of Guatemala tax systems Double Taxation Local Law tax haven tax reform Banking Organisation for Economic Co-Operation and Development Access to Information Alberto Vallarino Freedom of information Guatemala Congress Infraestructure & Construction

Guatemala Promotes Law to Attract Investment

The legislative initiative for judicial tax stability for investment and work attempts to attract investment and generate employment.

Thursday, February 19, 2009

©image: Padraic

Rose M. Bolaños, in an article inPrensalibre.com, writes: "With these contracts, the state will guarantee that if the laws or legal norms are modified in the taxation environment, such as tax impositions (internal or customs) as well as perquisites or other identified contract measures, investors will have the right to continue applying the existing laws that were in force at the moment of the signing of the contract."

Source: prensalibre.com

Key entities

José Alejandro Arévalo Congress of the Republic of Guatemala

Insight

tax systems legal tax stability Investment Government Taxes

Lack of Certainty in Tax Free Zones

November 2011

Requests are being made for confirmation that new taxes to be imposed under the tax reform bill will not affect companies established in free zones in Costa Rica before 2015.

A press release by several business associations and municipalities states:

Business and Guanacaste Municipalities are still seeking clarification on the text of the Tax Reform

Panama and Spain Ink Tax Agreement

May 2010

The country penned a double taxation agreement with Spain; it had already done so with Holland, Italy, Mexico, Belgium and Barbados.

Economy vice minister Frank de Lima explained that the country had set the objective of signing 12 of these agreements in 2010, and that they have already achieved half of it.

Panama Could Leave Gray List

June 2011

A treaty signed with France will become the twelfth, enabling Panama to get off the list of tax havens.

As part of measures being taken by the government so that Panama will no longer be considered a tax haven, a treaty will be signed with French representatives in Paris to avoid double taxation (DTT).

Honduras and Nicaragua has highest tax rates in CA

November 2008

Honduras and Nicaragua has highest tax rates in CA

The National Consumer Rights Commission of Honduras
report states that Belize, Honduras and Nicaragua have highest tax rates in CA: 20.7%, 17.8% and 17.7% respectively.

On the other hand, El Salvador is at 13.7% and Guatemala at 10.2% are the lowest in the region in comparison to the GDP.

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