Guatemala: New Economic Operators Enabled

Industria La Popular, Grupo Cropa and Grupo Vical, are the three companies qualified as new Authorized Economic Operators by the Superintendency of Tax Administration.

Thursday, September 6, 2018

According to the authorities at the Superintendency of Tax Administration (SAT), the figure of Authorized Economic Operator (OAS), which is recognized by the World Trade Organization, facilitates trade, security and control, as well as compliance in tax, customs and legal matters.

The Superintendent, Abel Cruz, explained to Prensalibre.com that " ...'We understand that the private sector seeks trade facilitation but also the SAT needs to carry out controls. In this control, the OAS is a tool that is working perfectly today.'" 

In relation to the benefits provided under this format, Cruz said that it is " ... the percentage reduction in verification. Three years ago the verification was above 26% and currently it is 11.2%, and the aim is to lower this to one digit. Other benefits are the quick release of cargo and verifications in the facilities of the authorized AEOs that have become an effective response to the problems of insufficient border infrastructure. "

The official added that the three new registered companies join the 23 that are already authorized, and he foresees that by the end of the year the number of Operators will amount to 35.

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