Sunday, 9 August 2020

Guatemala Proposes Tax Incentives to Encourage Tourism

In Guatemala, Congress is discussing a bill that seeks to increase the arrival of flights to the country through tax incentives for airlines, which would be coupled with the elimination of improper tax charges.

On August 14, 2019, the President of the Legislative Branch, Álvaro Arzú Escobar, presented to Congress initiative 5585, which has the support of the International Air Transport Association (IATA), the Latin American and Caribbean Air Transport Association (ALTA) and the Guatemalan Association of Air Lines (AGLA).

In the opinion of the entities that support the bill, with the application of the proposed changes, it will be possible to adapt the international methods for calculating the amount of rent and thus not tax the sector with taxes, fines and interest that are considered inappropriate.

Peter Cerdá, IATA regional vice-president for the Americas, explained to Prensalibre.com that “… while initiative 5585 is being discussed in Congress, administrative processes have been initiated whose conclusions contradict the aforementioned criteria and resolve the payment of taxes, fines and interest in amounts that make the operations of our members in Guatemala unsustainable. Because of the impact on our members, we have, as an industry, approached several instances of the Guatemalan government in order to expose the issue in question. These have achieved, among other things, the generation of bill 5585 that is currently in Congress to convert it into law.

- paying the bills -

If the double taxation referred to by aviation authorities is eliminated, Guatemala would have the opportunity to sign 22 air transport agreements.

Official figures detail that in the first half of 2019 in the country registered the entry of 1.29 million visitors, a figure that exceeds 7% reported in the same period of 2018.

- paying the bills -
- paying the bills -
Q24N
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

El Salvador: Hotels at Risk of Bankruptcy

Managers of the Salvadoran Association of Small Hotels of El Salvador...

Costa Rica airports to reopen to tourists on August 1!

(QCOSTARICA) The Minister of Health, Daniel Salas, announced this afternoon Costa...

MOST READ

Santa Ana mayor tests positive for COVID-19

(QCOSTARICA) The Municipality of Santa Ana reported on Sunday night that the mayor, Gerardo Oviedo,  tested positive for COVID-19. Oviedo met last Friday with the...

The most beautiful places in Costa Rica to visit after quarantine

Nestled between the stunning waters of the Caribbean Sea and the Pacific Ocean, sits the Central American paradise of Costa Rica. The small, Spanish-speaking...

Costa Rica reaches 200 dead five months into pandemic

(QCOSTARICA) This Thursday, August 6, five months since the first case of the novel coronavirus was reported in Costa Rica, the country reports 200...

Have you already bought your Mother’s Day gift? Buy it this week!

(QCOSTARICA) Mother's Day is fast coming up, the "mother" of all holidays in Costa Rica, that is on August 15. This year, like just...

Panama suspension of international flights continues

PANAMA CITY - On July 17, the Government of Panama extended the suspension of international commercial passenger and domestic charter flights, originally announced on...

Government yields to pressure from taxi drivers

Threatened by a strike by taxi drivers, the government of Carlos Alvarado gives in to the pressure and puts plans for legalize Uber and...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.