Congress Approves National Emergency Law to Exempt Fuel Taxes
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Guatemala City, Sep 22 (Latin Press) The Congress of Guatemala today approved a temporary suspension of the Value Added Tax (VAT) and the Distribution of Petroleum and other fuels to reduce prices. The post Congress of Guatemala exonerates VAT to reduce fuel prices first appeared on News Prensa Latina.
With 148 votes in favour, the Congress of the Republic approved in a single debate the draft decree that provides for the approval of initiative 6852, the Temporary Tax Exemption Law of Emergency to the Consumer of Fuels. The proposal establishes a temporary exemption of the Tax on the Distribution of Crude Oil and Petroleum Derived Fuels (IDP) [...]
By Fernando Castellanos This Tuesday the plenary of the Congress of the Republic of Guatemala approved, of national urgency, a bill aimed at mitigating the economic impact by the rise of fuels in the country. The legislative measure supports the temporary suspension of the collection of two direct taxes on hydrocarbons until [...]
The deputies, officialists and opposition, agree to suspend the taxes temporarily to stabilize the price of diesel, regular gasoline and higher.
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