Guatemalan President Postpones Fiscal Reform

Guatemalan president, Álvaro Colom, had announced that he would present a fiscal reform bill in the first quarter of this year. However, he has since said that political conditions are not favorable for going through with the reforms.

"Though the details of the reform were never revealed, source close to the government were promoting specific taxes for telecommunications and tax exemptions for other sectors," writes Jessica Gramajo for Elperiodico.com.gt. Tax on income was also believed to be under review, as well as certain import duties.

Source: elperiodico.com.gt

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