Ministry, Tax Service Ink Hydrocarbons Audit Deal
Guatemala's energy and mines ministry and the country's tax service Superintendencia de Administracion Tributaria (SAT) have signed a cooperation agreement to optimize the auditing of hydrocarbons and mineral activities.
The ministry and SAT will exchange information and provide mutual technical support during control and inspection operations along the entire hydrocarbons and minerals chain from exploration to commercialization, the ministry said in a statement.
The deal aims to update the registry of all those involved in exploration, production, refining and commercialization, and increase tax collection.
Guatemala's January-April crude oil output reached 1.9Mb and 5.89Mb in 2006, according to ministry statistics. Of this year's production, 1.59Mb were exported.
The country's production of oil derivates in the first four months of this year hit 194,390b and 448,480b in all of last year. Imports of derivatives in January-April totaled 9.65Mb and 27Mb in 2006.
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