Guatemala: Tax Calendar for March 2017

Memorandum regarding areas on which the SAT will focus its controls and the payment schedule for tax liabilities in February 2017.

Tuesday, March 7, 2017

From a Memorandum sent by Tezó and Associates:

The SAT will focus its audit on 10 areas:

On February 27, the SAT released its 2017 Audit Plan which includes the implementation of programs for control in ten areas including: 

Those who submit statements for tax losses for several consecutive annual periods. It is not specified how many annual periods, therefore this can be interpreted as two or more years.  

Taxpayers who have filed the Annex to the Annual Declaration of Income Tax, because they are subject to observing the Transfer Pricing Guidelines. 

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Guatemala: Tax Calendar October 2016

October 2016

Memorandum on "Taxpayer Obligations' payment schedule and liabilities for September 2016.

From a Memorandum sent by Tezó and Associates:

Obligation of taxpayers

Article 51 of Decree No. 37-2016 added Article 21 "B" to the Tax Code, which states that obligations of taxpayers, whether they are subject to taxation or not, constitute among other things, as stated in paragraph 1 "Submission of declarations, notifications , self-assessments and other documents required by the tax legislation and tax administration for the performance of their duties." This obligation, in our opinion, when it comes to self - assessments, gives way to the procedure followed by the SAT to request correction of "inconsistencies", presenting rectifications to declarations and paying tax, which often is not omitted, but we pay in order to settle the case and not spend any more time on it. In these cases we must be sure that the right of defense has not been eliminated, instead of rectifying statements, we can request that we be granted Evacuation of a Hearing in order to start a defense process.

Guatemala: Tax Calendar May 2015

May 2015

Payment schedule of liabilities for April 2015 and Tax Memorandum on Fiscal Solvency.

Tax Memorandum by Tezó and Associates:

After several suits claiming the unconstitutionality of Article 57 "A" of the Tax Code which establishes fiscal solvency, this rule is in force, except the paragraph that reads "The Tax Administration will determine the requirements, characteristics and other necessary conditions for obtaining it." , which was declared unconstitutional.

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.

Guatemalan Tax Calendar February 2014

February 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.

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