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Book Cover
Author Bahl, Roy

Title The Guatemalan Tax Reform
Published Boulder : Routledge, 2018


Description 1 online resource (147 pages)
Contents Intro; Half Title; Title Page; Copyright Page; Preface; 1 The Macroeconomic Setting for Tax Reform; The Economy in the Pre-1986 Period; The Cerezo Administration; The Serrano Administration; 2 Performance of the Pre-reform Tax System; Revenue Adequacy; Compliance; The Distribution of Tax Burdens; Vertical Equity; Horizontal Equity; 3 Problems with the Guatemalan Tax System; The Level of Taxes; Taxes and the Deficit; International Comparisons; Coverage of the Tax Base; Individual Income Tax; Company Income Tax; Value-Added Tax; The Tax Structure and Interference with the Market
Interest and Inflation"Average-Marginal" Rates of Income Tax; VAT Refunds and Credits; Tax Administration and Evasion; 4 Objectives and Approach; Structural Goals; Reform Strategy; 5 Individual Income Tax: Proposals and Reforms; The Pre-reform System; The Tax Base; Tax Rates; Deductions; Fringe Benefits; Interest Income; Proposed and Actual Reforms; Flat Tax; Progressive Rate; Standard Deductions; Additional Deductions; Taxation of All Bonuses; Taxation of Life Insurance and Pensions; Taxation of Capital Gains; Effects of the Reform Program; 6 Company Income Tax: Proposals and Reform
The Pre-reform SystemComposition of the Tax Base; Problems and Reform Issues; Tax Treatment of Interest; A Consumption-Based Cash-Flow Tax; Integration of Company and Individual Income Taxes; Taxation of Capital Gains; Fringe Benefits for Workers; Depreciation Expenses; Inventory Valuation; Long-Term Contracts; Cost of Resource Exploitation; Treatment of Losses; Tax Incentives; Inflation Adjustments; Taxation of Income Earned Abroad by Guatemalans; Taxation of Foreign Enterprises in Guatemala; Treatment of Financial Institutions; Tax Rates; Additional Measures to Improve Enforcement
Withholding Taxes on Income Accruing to ResidentsA General Minimum Tax; Company Tax Incentives; Proposed and Actual Reforms; Impact of the Tax Reforms; 7 Value-Added Tax and Other Taxes: Proposals and Reform; The Pre-Reform VAT System; Tax Rate; The Threshold for Registration; Zero-Rating and Exemptions; Input Tax Credits; Credits for Capital Purchases; Refunds; Proposals for Reform; Tax Rate; Input Credits; Threshold Level; Zero-Ratings; Exemptions; Refunds; Stamp Duties; The Impact of the Reform; Other Indirect Taxes; Stamp Taxes; Excises; Transport Taxes; Custom Duties; Property Taxation
Problems with the SystemProposed Reform; 8 Impact of the Reform Program and Next Steps; The Unfinished Agenda: Next Steps in Tax Reform; Increase the Value-Added Tax Rate; Broaden the Individual Income Tax Base; Do Not Index the Individual Income Tax; Adopt a Global Income Tax; Increase the Compliance Rate; Impose a Land Tax; Increase the Income Tax Rates; Appendix; References; About the Book and Authors
Notes Print version record
Subject Taxation-Guatemala
Form Electronic book
Author Martinez-Vazquez, Jorge
Wallace, Sally
ISBN 9780429976100