Tax declaration Taxes Transfer pricing paying taxes Tax Authority of Guatemala raising taxes tax calendar taxes Income tax Tezó y Asociados income tax tax exemption Carlos Vargas Comparable transactions Directorate of Taxation (Costa Rica)

Costa Rica: Transfer Prices Not Applicable in 2013

The presentation of a study on transfer pricing accompanying declaration of income statements will be only be required in early 2014.

Friday, November 29, 2013

An article in Nación.com reports that the Director General of Taxation, Carlos Vargas, said that "for the declaration of income tax for 2013, whose submission deadline is Dec. 16, there is no requirement to provide the price transfer study. That will be mandatory in 2014. "

"... People do have to have to justify all economic transactions," Vargas said.

"... Transfer prices are those defined by companies when buying and selling from companies linked to them and has an influence in the calculation of income tax. "

Source: Nacion.com

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Guatemala: Transfer Pricing Controls

December 2015

Before March 31, 2016 companies with related parties abroad must present a transfer pricing study.

Elperiodico.com.gt reports that "...Angela Paniagua, an auditor from the firm Ixcamparij Mejia y Asociados, explained that a lot of companies have not been notified that they must fulfill this obligation.

SAT Asks for Transfer Pricing Study

October 2015

Legislation on the obligation to submit transfer pricing studies is beginning to be applied in concrete by the Tax Authority.

In his article on Lahora.gt, Mario Coyoy describes the requirements for taxpayers being developed by the SAT:

/ ...
1. Sufficient information and analysis (Study on Transfer Pricing) to demonstrate and justify the correct pricing, the amount of the consideration or profit margins in transactions with related parties abroad.

Tax Calendar for Guatemala - July 2014

July 2014

Calendar obligations for payments in July 2014 and Tax Memorandum regarding information requests related to transfer pricing.

Tax Memorandum July 10 - 14 2014

The SAT has initiated the requirement for information regarding transfer pricing.

Article 27 of Decree No. 19-2013 moves the entry into force of the "Special Rules for Valuations Between Related Parties" to 2015.

Panama: Transfer Pricing Forum

February 2013

Analysis of the new requirement by the Department of Revenue, which requires taxpayers to report transactions with related companies.

A statement from the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) reads:

Wednesday 27 February
The Center for Economic Studies at the Chamber of Commerce, Industries and Agriculture of Panama will hold a Forum on Transfer Pricing Reports: Analysis and Impact