Guatemala: Tax Controls Tightened

Extraordinary measures announced by the tax authorities will focus on reviewing withholding tax, declarations and verification of income tax.

Thursday, May 15, 2014

Verification of statements of withholding agents, recalculation of retention for taxpayers with incomes over $3.886, monitoring omissions and frequent verification of cases of taxpayers of the higher tax interest, are part of the measures to be applied to the deficit of $87 million resulting from the last collection period.

"The Municipality of Supervisors will give support in the form of audits to verify why costs and expenses reported in the quarterly payments are greater than the income of the taxpayer ... cross referencing will be carried out using details of the withholding tax and VAT, checking capital income in buildings zones 10 and 14 to ensure that rents are being paid ... Through the Legal Intendency support to the judiciary support will be requested so that the closure of companies is verified. " also reported that "audits will be carried out in free zones and maquilas that make use of preferential tariff treatments in the nationalization of products ... They will visit 22 free trade zones, bonded warehouses, and 38 customs storage facilities, among other places."

More on this topic

Guatemala: Tax Calendar for May 2014

May 2014

An announcement by the SAT relating to audits on quarterly income tax payments and payment schedule of obligations corresponding to April 2014.

Tax Memorandum May 7-14 2014

Quarterly income tax payments and supervision of the Superintendency of Tax Administration (SAT):

Guatemala To Reinforce Tax Audits

March 2013

In order to compensate for the resources that the government will not receive from taxes vetted by the Constitutional Court, the Tax Authority will increase audit pressure.

The decrease of $64 million in revenue, has led the Tax Authority of Guatemala (SAT by its initials in Spanish) to strengthen its control plan with which it supervises companies.

Guatemala: 2013 Tax Audit Plan

March 2013

The Department of Fiscalization at the Guatemalan Tax Authority has presented the 2013 Audit Plan.

The analysis by Dr. Edgar Mendoza helps determine whether or not to regularize the tax status of Guatemalan companies, in light of actions projected by the Superintendency of Tax Administration (SAT):

Guatemala: Greater Control for Multinational Companies

February 2011

Regulators will oversee sales operations and transfer of funds from multinational companies based in the country and overseas branches.

The Superintendence of Tax Administration will create an international audit department, which will start operations in March.

Rudy Villeda, Superintendent of Tax Administration, told, "The idea is to have more information from multinationals with related companies abroad, as they sometimes affirm they declare taxes in other jurisdictions and that must be verified".

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