Inter-American Center of Tax Administrations ISSN 1684-9833 • Year 7 / No. 1 / January 30, 2015 Información
News from the Executive Secretariat Announcement for the selection of the Director of Training and Development of Human Talent
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The Inter-American Center of Tax Administrations-CIAT, hereby announces the position of Director of Training and Development of Human Talent.
Working Paper The Executive Secretariat of CIAT has the pleasure to present to the whole “My CIAT” community the working papers “Analysis of Major Legal Bases Used in Latin America and the Caribbean for the Exchange of Information for Tax Purposes: One Standard , Different Ways to apply It. “(Available in Spanish)
Tax Expenditures
This working paper has been drafted by the CIAT International Cooperation and Taxation Directorate in order to disclose the main differences, advantages and disadvantages of the most widespread instruments among Latin America and Caribbean countries, hoping to be useful as a guide for those countries seeking to begin negotiations, update their current network or select the most appropriate legal basis when requesting information abroad, or access mechanisms for cooperation in tax matters.
In our member countries… Jorge Rachid is appointed Secretary of Receita Federal in Brazil He replaces Carlos Alberto Freitas Barreto, who is appointed Chairman of the Administrative Council of fiscal resources (Carf).
The Receita Federal has a new Secretary. Jorge Antonio Deher Rachid is in charge of the organization for the second time, having exercised this function in the period from January 2003 to July 2008. The Decree of appointment was published on Friday, January 9.
Speaking of this new challenge, Mr Rachid said “I am very proud of being a public servant in an institution of excellence as the Receita Federal and believe that managing it require a great sense of responsibility and commitment to the public interest”. Mr. Rachid stressed the excellent performance of Mr. Carlos Alberto
Freitas Barreto, saying that he administered the Receita with great competence and leaves a legacy of administrative efficiency. “To succeed Secretary Barreto makes my challenge greater, and his appointment to the CARF will contribute to a further integration of the tax administration and will bring improvements in this entity’s management.”
Álvaro Omar Franco Chacón, new Superintendent of Tax Administration of Guatemala President Otto Perez Molina has sworn Mr. Álvaro Omar Franco Chacón as Superintendent of Tax Administration. Mr. Álvaro Omar Franco Chacón has a Business Administration Degree from the University San Carlos of Guatemala with a Masters in Tax Administration and Assurance Technologies of Galileo University,
and a Diploma in Senior Management from INCAE. He has 18 years of career experience in the Tax Administration Superintendence, where he held several positions including: Collection and Management Intendant, Deputy Secretary of the SAT Executive Board, Superintendent of Tax Administration
in Functions, Central Regional Manager, Taxpayer Service Deputy Manager, Head of the Collection Legal Department, Collection and Management in Functions Intendant, Accounting and Finance Department Head, in charge of Inventory and Budget at the Directorate General of Customs and Tax Administration Interim Superintendent. Source: Website - Superintendency of Tax Administration (SAT)
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Member countries news
Argentina Earnings: The directors of banks should include as taxable income the sums received from the entity to pay fines Managers or representatives of banks and financial institutions which charge company sums of money to pay fines or administrative sanctions, acquired by their work, must incorporate them as income taxed on the profits tax and the Bank or the financial
institution that made them must perform the corresponding withholding at the time of payment. Maria Luisa Carbonell Correspondent
Bolivarian Republic of Venezuela The SENIAT collected more than BS. 474 billion in 2014 The National Integrated Customs and Tax Administration Service (SENIAT) attained a global collection of 474,69 billion bolivars from January to December of 2014, representing a compliance of 149,75 percent of the annual goal and exceeding by
197,44 billion bolivares the goal established during the same period in 2013. Pablo Pinto Chávez Correspondent
Bolivia Tax Revenue reach Bs 49.719,7 million revenue in 2014 The National Taxes Service (SIN) closed the year 2014 with a collection close to Bs 50 thousand million. Taxes on domestic market grew by 13%, whereas in the analysis of the direct tax on hydrocarbons (IDH), and the special tax on hydrocarbons and their derivatives (IEHD) the collection grew by 8%, said its Executive Chairman, Erik Ariñez Bazán. He explained that this result marks a new milestone for the SIN, because an additional collection of Bs 3.880,3 million in relation to 2013 hace been achieved, resources that are important for the income of the General Finances of the State, the municipalities, departments and public universities. Juana Patricia Jiménez Soto Correspondent
Dominican Republic DGII revenues increased a 10.1% in 2014 The Directorate General of internal taxes (DGII) attained a total revenue growth of 10.1% for 2014. Accumulated collection during the period JanuaryDecember 2014 totaled RD$ 313 billion revenue, for an increase of RD$ 28 billion of the proceeds in 2013. In the same way the DGII reached 97% of the amount budgeted by the government for the last year. Nieves Vargas Collado Correspondent
The Guyana Revenue Authority (GRA) has had a remarkable year, though fraught with obstacles. The task of collecting $135.3B was indeed challenging. However, the GRA is satisfied that it has done exceedingly well it terms of its main goal of revenue collection for 2014, and looks forward to a new year where the citizenry honour their tax obligations more voluntarily.
Tax revenues increased by 24.1% in 2014
New optional regime for individuals with annual sales to the public in general In order to support the development of taxpayers with minimum administrative capacity and to avoid that they operate in the informal economy, the Federal Executive has allowed those who have annual revenues of up to 100 thousand pesos 100% of VAT and the IEPS rebate to be paid during the years in which they pay taxes in the Tax Inclusion Regime. Guarneros Adrian Correspondent
At the end of the year 2014, the SET raised 9.7 billion guaranies, (2,153 million dollars), representing 24.1% more than the total revenue of the year 2013, and implies an increase of 1.879 billion more than what was collected in the previous year. Only in the month of December 2014, the tax administration collected about 631 billion guaranies, which implies a 24.4% increase over December 2013 Alba Maria Servín Fleitas Correspondent
Peru
Guyana 2014, a year of achievements - Revenue collection did exceedingly well
Paraguay
Mexico
Tax revenues increased 3.4% in 2014 The tax revenue of the Central Government of the year 2014 amounted to S /. 95 389 million, amount which is equivalent to an increase in the collection of S /. 5 991 million with respect to the year 2013 and a real growth of 3.4%. Clara Urteaga Correspondent
Independent workers with monthly income of up to s /. 2,807 will not pay income tax Self-employed workers (fourth category) that issue receipts for fees and receive monthly income not exceeding S /. 2,807 will not be subject to withholding and/or income tax payments (PIT) according to the SUNAT Superintendence Resolution No 002-2015, recently published in the official journal. Clara Urteaga Correspondent
Other news This section includes a selection of the IBFD news about aspects of tax policies and tax administration.
IBFD News Cooperation IBFD-CIAT
This information is available on the CIAT website and in Fridays Tax News alert
Additional information Bibliographic News January, 2015
This document provides for reference purposes, the most recent documents produced by CIAT and other editorials in the month of January; either articles or other periodic publications, research works and studies of interest.