Taxation in Guatemala

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The private sector of Guatemala today made it crystal clear to President Otto Perez that they will not agree to any tax increases.

Guatemala’s president has authorized the extradition of former Guatemalan President Alfonso Portillo to face money-laundering charges in the United States, state media reported Tuesday.

Guatemala’s national bank authority revealed the existence of a transborder money laundering ring that uses the country as its base of operations.

Police participating in an operation targeting money laundering seized $240,000 over the weekend from two men in Guatemala City, the National Civilian Police, or PNC, said.

The president of Guatemala, Alvaro Colom, announced Sunday that he will promote a “strong” tax reform in order to obtain the resources necessary to finance the country’s reconstruction after the destruction caused by tropical storm Agatha.