Memorandum and Guatemala Tax Calendar January 2011

Minimum Wage 2011 and maturity dates in January 2011 for tax liability of December 2010.

Wednesday, January 5, 2011


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MINIMUM WAGE

In a publication made on December 30, 2010, in the Official Newspaper, the Government Agreement No. 388-2010 of the Ministry of Labour and Social Welfare, establishes the new minimum wages for agricultural activities, and for non-farming export activities ruled by Decree No. 29-89, effective January 1st, 2011.

The current minimum wages are:

- - - - - - - - - - - - - - - - - - - By day - - - Monthly
Agricultural activities - - -- Q 63.70 - - - Q 1,937.54
Non-agricultural activities --Q 63.70 - - - Q 1,937.54
Activity Decree 29-89 Q 59.45 - - - Q 1,808.27

The Ministry of Labor established that the monthly salary is determined by multiplying the daily wage for 365 days and then divided by 12 months.

Under the agreement, the minimum wage order is to have a greater number of workers earn wages which are higher than those fixed by this Agreement; therefore, the executive encourages companies to adopt better systems of remuneration so workers can have a better life. Employers are encouraged to seek and implement in their work competitive methods of remuneration and improve the income of their workers.

To ensure labor contracts for the country under the principles of social justice through decent employment generation and complying with international commitments made by the State of Guatemala and the Worker and Employer organized sectors, the Ministry of Labor and Social Welfare will coordinate actions with the Technical Institute for Training and Productivity - INTECAP, so that within the framework of its legal powers provide it can provide advisory services required by companies interested in implementing formulas to pay workers.

The bonus incentive created by Decree No. 78-89, as amended, is independent of the minimum wages herein.

It must be remembered that in case of doubt about the scope and interpretation of this Agreement, the rule in Article 106 of the Constitution, in the sense that workers are always favored, will be applied.


JANUARY 2011 TAX CALENDAR

Monday 17 Employee Retention ISR SAT-SAT-No.1055 No.1054

Monday 17 Withholding tax 10% Financial Products SAT-No. SAT-1054 No.1055

Monday 17 - 5% Withholding income tax providers SAT-No. SAT-1054 No.1055

Monday 17 direct and final payment of 5% of ISR SAT-No. SAT-1044 No.1249

Monday 17 Special Billing ISR Holding (6.2% and 3.1%) SAT-No. 1054 SAT-No. 1055

Monday 17 non-resident income tax withholdings in Guatemala (Articles 33, 34, and Law) SAT-No.1094/1095 SAT-No.1096/1097

Monday 17 revenue stamps and stamped paper 10% (lotteries, raffles and drawings) SAT-SAT-No.1007 No.1004

Monday 17 Ring-01 IPSP Press

Monday 17 Report printing invoices, special invoices, debit notes and credit-SAT-SAT No.43 No.149

Monday 17 Form VAT 2010 SAT-No.1111

Thursday 20 share the IGSS, and INTECAP IRTRA and Return Receipt

Monday 24 non-resident income tax withholdings in Guatemala (Article 45 of the Act) SAT-SAT-No.1097 No.1094

Monday 24 Affidavit of withholding tax (Decree No. 20-2006) SAT-No.2219

Friday 28 Declaration OPA and sealed copy to the Department of Industrial Policy, Decree 29-89

Monday 31 Special VAT Invoices (to December 31, 2010) SAT-No. SAT-2083 No.2086

Monday 31 Affidavit and monthly payment of VAT only local operations (to December 31, 2010) SAT-No. 2131 SAT-2139

Monday 31 Affidavit monthly VAT and Import and Export (to December 31, 2010) SAT SAT-2159 No.2151

Monday 31 Single Property Tax (IUSI October-December 2010) SAT-No.9001

Monday 31 Solidarity Tax (ISO October-December 2010) SAT-No. No.16092010 SAT-1601) SAT-No. 2131 SAT-No. 2139



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