Guatemala Tax Calendar for January 2014

A memorandum has been released detailing tax reforms to the Law on Income Tax, and payment and obligations schedules corresponding to January 2014.

Thursday, January 9, 2014

Tax Memorandum 1 to 14 January 2014

Amendments to the Law on Income Tax

Decree No. 19-2013 contains amendments to the Law on Income Tax (ISR by its initials in Spanish) contained in Decree No. 10-2012 and which was published in Diario de Centro América on December 20, 2013.

Although Decree No. 19-2013 states that these are effective as of December 21, 2013, it also states that "The application will be made in accordance with Article 7 of the Tax Code ..." This provision of the Tax Code provides that "When reform of the tax law established a different amount or rate, for one or more tax, it shall apply from the first business day of the following period in order to avoid duplication of statements by the taxpayer. " In this case the effective date of the reforms will be controversial, as long as it remains the interpretation of the rules applicable to the effective date at the time. In this regard, our view is that they come into force on January 1, 2014. However, each taxpayer must analyze their application, considering that these reforms are favorable to taxpayers who are taxed ISR using the Regime on Profits from Lucrative Activities .

More on this topic

Guatemala Tax Calendar January 2015

January 2015

Payment schedule for liabilities in January 2015 and Memorandum on Tax Bancarization.

Tax Memorandum

The requirement for Tax Bankarization is regulated by Articles 20 and 21 of Decree No. 20-2006, articles which were amended by Articles 27 and 28 of Decree No. 04-2012, specifically in order to change the amount of bankarization amount from $6,585 to $3,951

Guatemala Tax Calendar for June 2014

June 2014

Calendar of obligations for payments in June 2014 and Tax Memorandum on tax exemptions and the cases in which they are applicable.

Tax Memorandum 8 to 14 June 2014

The tax exemption, is for all taxpayers?

Derived from the reforms contained in Decree No. 19-2013 of Congress, in the Official Journal of 22 May 2014, published the Government Agreement No.

Guatemalan Tax Calendar February 2014

April 2014

2013 declaration of Income Tax and schedule for payments in February 2014.

Tax Memorandum February 4th-14th 2014

Need to integrate the cost of sales

March 31 is the deadline for the declaration of Income Tax - ISR- for the year 2013 and considering that the SAT is exercising control more often and with more resources, such as technology, information provided by the taxpayer such as the case of the report on stocks of inventories kept up to the closing date, classification of taxpayers and other things, it is important to prepare this statement including amounts that are integrated and supported with the appropriate legal documentation. Of course, this is in the case of the taxpayer settling heir tax bill and being registered in the System On Profits From Lucrative Activities.

Guatemala: August 2012 Tax Calendar

August 2012

A memorandum by Tezó y Asociados Tezó has been released detailing who should pay ISO 2012, and the bond payment schedule for August 2012.

Tax Memo Edition 10 -12
Who should pay for ISO 2012?

As we develop our Tax Memo No.10-12, there is uncertainty about the ISO exemption for taxpayers enrolled in the General Income Tax scheme.

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