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Guatemala's high court allows tax agency to easily access bank info

Guatemala's constitutional court has revoked a 2018 ruling that prevented the country's SAT tax agency from accessing bank account information automatically in cases of suspected tax evasion, Prensa Libre reported, citing Finance Minister Víctor Martínez.

Under the previous regulation, the SAT would have to seek approval from the Guatemalan attorney general and submit a request to the court before the agency could access bank information. That rule was widely criticized in Guatemala, with some saying it risked the country being classified as a tax haven.

Martínez added that the government would inform the Organisation for Economic Co-operation and Development of the court action as a sign of its compliance with fiscal transparency.