exchange balance
The implementation of a remittance tax by the United States authorities would have an impact of about US $ 860 million annually in Guatemala and 0.5% of GDP, according to an initial forecast shared by the monetary authorities.
The remittance tax would have an impact of US $ 860 million a year, according to the Banguat. (PHOTO FREE PRESS: HEMERECA)
If the United States authorities advance with the implementation of a family remittance tax, it would have an impact of about US $ 860 million equivalent to Q6 thousand 622 million annually, equivalent to 0.5% of the gross domestic product (GDP) in Guatemala.
This was stated by President Álvaro González Ricci and Johny Gramajo Marroquín, economic manager of the Bank of Guatemala (Banguat), that 3.5% tax would imply around US $ 860 million, and that For macroeconomic effects it would not be substantial.
“Family remittances have an economic effect, but also a social effect,” They highlighted during a press conference held on Wednesday, May 28.
30% of the beneficiaries of transfers are the only income that families obtain.
They explained that, on other occasions, they have observed that in the measures of the possibilities the migrants absorb the additional cost of the shipment that, In this case, it would be the tribute that the United States authorities intend to promote.
In the United States there is a proposal of law that seeks to apply a tax to family remittances, and that still has several stages of approval.
It was reported that As of May 22, the exchange balance registers an income for family remittances of US $ 9,233.4 millionwhich is equivalent to a growth of 16% and for the end of the year, US $ 23,400 million is projected.