How much the Guatemalans would lose if the US approves a remittance tax

Home Business How much the Guatemalans would lose if the US approves a remittance tax
How much the Guatemalans would lose if the US approves a remittance tax

Economy

A law proposal in the United States contemplates applying a tax to family remittances, which could reduce the amount that thousands of Guatemalan homes receive from their migrant relatives.

Guatemalan families fear the approval of law on taxes to remittances analyzed by the United States. (Free press photo: direct impact)

Guatemalan families fear the approval of law on taxes to remittances analyzed by the United States. (Free press photo: direct impact)

In USA A law is analyzed that could have an impact on our country. It is a remittance tax, which would make the economic contribution that Guatemalans receive, from their migrants, is less.

That is the perception of thousands of Guatemalans They receive financial support from their relatives from the United States, since, if this law is approved, the amount of money they would receive would be lower.

During the first four months of 2025, the amount of remittances in Guatemala increased 16.7%, according to the Bank of Guatemaladue to the fear of migrants of being deported.

This is a source of income for thousands of Guatemalan families who have a livelihood with the support of their loved ones, who sought to migrate to provide them with a Best Future. The creation of this Remittance Tax would have a negative impact on the country’s economy.

In Guatemala, the authorities maintain the expectation that this tax is not finally approved. Even the President of the Republic, Bernardo Arévalohe informed that he sent a letter to the authorities of USA with the intention of reducing or eliminating the possible tax on remittances family.

After one of the cameras of the United States Congress gave this proposal, promoted by the president Donald Trumpthousands of Guatemalans are also in the expectation of what will happen with remittances, which for many have been the reason why they have come forward in the country.

https://www.youtube.com/watch?v=nmwqCt-caie

*Direct impact is an informative program that is broadcast by Guatevisión, Monday through Friday at 7:00 p.m.

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