Tax Calendar for Guatemala - July 2014

Calendar obligations for payments in July 2014 and Tax Memorandum regarding information requests related to transfer pricing.

Tuesday, July 8, 2014

Tax Memorandum July 10 - 14 2014

The SAT has initiated the requirement for information regarding transfer pricing.

Article 27 of Decree No. 19-2013 moves the entry into force of the "Special Rules for Valuations Between Related Parties" to 2015. However, it includes that notwithstanding the above, as of December 21, 2013, the tax authorities may request information regarding the content of Chapter VI of the Law on Tax Update, to form the required databases.

Therefore, the SAT is requires this information to be provided by Taxpayers who in their declaration of Annual Tax on Income, entered in the part of "Financial Information", "YES I have links to foreign parties and i do carry out operations with them. "Remember that the declaration form is an affidavit and including anything that it not true is perjury, which is punishable, including by imprisonment of the Legal Representative.

More on this topic

SAT Asks for Transfer Pricing Study

October 2015

Legislation on the obligation to submit transfer pricing studies is beginning to be applied in concrete by the Tax Authority.

In his article on, Mario Coyoy describes the requirements for taxpayers being developed by the SAT:

/ ...
1. Sufficient information and analysis (Study on Transfer Pricing) to demonstrate and justify the correct pricing, the amount of the consideration or profit margins in transactions with related parties abroad.

Guatemala: Tax Calendar February 2015

February 2015

Tax Memorandum by Tezó and Associates on Transfer Pricing and schedule for payment obligations in February 2015.

Tax Memorandum by Tezó and Associates:

Under Articles 54 and 55 of Decree No. 10-2012, effective from January 1, 2015, the tax authorities can check whether transactions between related parties (an entity resident in Guatemala with a resident abroad), are rated according to the principle of free competition and make adjustments when the valuation agreed between the parties results in less tax being paid in the country or deferred taxation; if adjustments are made an audience must be conferred within the Process for Determination of Tax Liability by the Administration, established in the Tax Code. It is understood for tax purposes, under the Principle of Free Competition, that the price or amount for a particular operation that independent parties may have agreed in conditions of free competition should be comparable to those performed operations.

Guatemala Tax Calendar October 2013

October 2013

A Memorandum has been issued by Tezó y Asociados on the Transfer Pricing Study and obligations for the payment schedule corresponding to September 2013.

Tax Memorandum 12 to 13 October 2013
Transfer Pricing Study

The purpose of the transfer pricing study in Guatemala, is to determine whether transactions by a local company during a fiscal tax year, with related subjects living abroad, were agreed and at prices similar to those established between independent parties, which is defined as "Principle of Free Competition", and taking into account in this new standards established by Decree No. 10-2012, Act Income Tax (Articles 54 to 67) and in the Regulation (Articles 37 to 66).

Application of Transfer Pricing in Guatemala

May 2013

The Tax Authority is analysis how to apply transfer pricing for imports and exports, as well as transactions conducted with other companies which hold shares and / or have common directors.

According to the Law on Tax Update (LAT by its initials in Spanish), taxpayers must submit to the Superintendency of Tax Administration (SAT) certain information and documentation.

 close (x)

Receive more news about Taxes

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Sep 24)
Brent Crude Oil
Coffee "C"