Guatemalan Tax Calendar February 2014

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

Tuesday, February 4, 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.

Normally the largest deduction is for sales costs, therefore the Taxpayer must have a Production Cost balance (if applicable) and Cost of Sales balance, which includes a line for raw material purchases and other purchases of products for sale.



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 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):

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 Tax Calendar for January 2014

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.

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.

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