Calendar of payments for obligations corresponding to February 2018 and Tax Memorandum on the regulations on factoring.
Tuesday, March 13, 2018
From a memorandum by Tezó y Asociados :
In the Diario de Centro América dated February 22, 2018, Decree number 1-2018 was publishedwhich contains the Law on Factoring and Discount Contracts, whichwill be in force from August 22, 2018.
This Law was enacted considering that factoring and discounting are instruments that allow people, especially entrepreneurs, access to liquidity and it is presented as an especially useful tool for Small and Medium Enterprises.Currently, this instrument is not widely regulated in Guatemalan legislation, which has not allowed its development as a financing tool, within a framework of legal certainty.