Guatemala: Greater Control for Multinational Companies

Regulators will oversee sales operations and transfer of funds from multinational companies based in the country and overseas branches.

Tuesday, February 15, 2011

The Superintendence of Tax Administration will create an international audit department, which will start operations in March.

Rudy Villeda, Superintendent of Tax Administration, told, "The idea is to have more information from multinationals with related companies abroad, as they sometimes affirm they declare taxes in other jurisdictions and that must be verified".

The project is supported by the U.S. Treasury Office and the German Cooperation Agency.

More on this topic

Costa Rica Tax Information Exchange for Multinationals

January 2016

Along with 31 other countries Costa Rica has signed an international agreement that supports the automatic exchange of information on multinational companies.

From a press release issued by the OECD:

27/01/16-As part of continuing efforts to boost transparency by multinational enterprises (MNEs), 31 countries[1] signed today the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports. The signing ceremony marks an important milestone towards implementation of the OECD/G20 BEPS Project and a significant increase in cross-border cooperation on tax matters.

Guatemala: Tax Audits

February 2014

The Tax Authority has started a campaign to control trade in general.

The Superintendency of Tax Administration (SAT) is launching the Massive Fiscal Presence plan to verify tax obligations, under which 200 auditors will make visits to various production facilities. The aim is to check that these are complying with their tax obligations.

Guatemala: 2013 Tax Audit Plan

March 2013

The Department of Fiscalization at the Guatemalan Tax Authority has presented the 2013 Audit Plan.

The analysis by Dr. Edgar Mendoza helps determine whether or not to regularize the tax status of Guatemalan companies, in light of actions projected by the Superintendency of Tax Administration (SAT):

OECD Going After Evading Multinationals

January 2013

The Organization for Economic Cooperation and Development wants to prevent schemes that allow using different jurisdictions in order to avoid paying tax where the activity is being carried out.

An article in reports that "The Organization for Economic Cooperation and Development (OECD) has prepared a report, commissioned by the G20, which will be presented in early February to launch changes in international tax regulations that prevent multinationals from exploiting loopholes in order to pay very little tax by declaring profits in tax havens. "

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