Guatemala Tax Calendar October 2013

A Memorandum has been issued by Tezó y Asociados on the Transfer Pricing Study and obligations for the payment schedule corresponding to September 2013.

Wednesday, October 2, 2013

Tax Memorandum 12 to 13 October 2013
Transfer Pricing Study

The purpose of the transfer pricing study in Guatemala, is to determine whether transactions by a local company during a fiscal tax year, with related subjects living abroad, were agreed and at prices similar to those established between independent parties, which is defined as "Principle of Free Competition", and taking into account in this new standards established by Decree No. 10-2012, Act Income Tax (Articles 54 to 67) and in the Regulation (Articles 37 to 66).

By definition: Transfer prices are the values ​​assigned to tangible goods and services that are transferred between related companies. It is a concept that applies in the area of ​​taxation, income and international operations.

More on this topic

Guatemala: Tax Calendar for February 2016

February 2016

Memorandum on the implementation of the rules on transfer pricing 2015 and payment schedule for obligations in January 2016.

From a Memorandum sent by Tezó and Associates:

Taxpayers who pay ISR (income tax) who carried out transactions in 2015 with related foreign companies, including imports, exports, services provided and received such as management services, legal, accounting, financial, technical or any other services; and where these operations had an impact on the determination of the income tax payable, are required to have a Transfer Pricing Study.

Guatemala: Tax Calendar February 2015

February 2015

Tax Memorandum by Tezó and Associates on Transfer Pricing and schedule for payment obligations in February 2015.

Tax Memorandum by Tezó and Associates:

Under Articles 54 and 55 of Decree No. 10-2012, effective from January 1, 2015, the tax authorities can check whether transactions between related parties (an entity resident in Guatemala with a resident abroad), are rated according to the principle of free competition and make adjustments when the valuation agreed between the parties results in less tax being paid in the country or deferred taxation; if adjustments are made an audience must be conferred within the Process for Determination of Tax Liability by the Administration, established in the Tax Code. It is understood for tax purposes, under the Principle of Free Competition, that the price or amount for a particular operation that independent parties may have agreed in conditions of free competition should be comparable to those performed operations.

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.

Guatemala : Tax Calendar for March 2014

March 2014

Tax Memorandum by Tezó and Associates on the Study on Transfer Pricing and payment schedule corresponding obligations for March 2014.

Tax Memorandum 5 to 14 February 2014

Do you need to have a Transfer Pricing Study for 2013 ?

If your company imports, exports, provides services, receiving services, gives or receives funding, among other concepts, with related companies located abroad, the Special Valuation Rules Between Related Parties under Articles 54 to 67 of Decree No. 10-2012 apply to you. The subsequent Decree No. 19-2013, effective as of December 21, 2013, states that these rules are suspended in their implementation and enforcement, and that those rules will take effect again and be implemented on 1 January 2015. But there is doubt as to the date of the start of the suspension of the observance of the rules, since the same Decree No. 19-2013 referred us to Article 7 of the Tax Code and its interpretation leads us to conclude that the suspension starts on January 1, 2014.

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