VAT Refund: Changes in Regulations

The changes that had been made to the Regulation of the Value Added Tax Law in Guatemala came into effect.

Wednesday, November 13, 2019

This is Governmental Agreement 222-2019 modifying the Regulation of the Value Added Tax Law, which contains provisions regarding the mechanisms for the recovery of the tax credit to exporters created by Decree 4-2019, informed the exporters' union.

See "Registration for VAT Refund System"

From the Agexport statement:

1. For the new Special Electronic Regime for the Return of Tax Credit to Exporters:

-Registration to the register will be by means of an electronic form and may be made in any month of the year. The update will be done annually in January. This Registration is already available through your Virtual Agency.

Within the documentation that must be included in the electronic application, it is found:
- Transactions recorded in inventory books, first entry or journal, major or centralizer, purchases and services received, sales and services provided.
- Financial statements (balance sheet, results, cash flow, production costs when applicable), auxiliary book of banks, detail of export declarations indicating the export sales invoice and its value in national currency.
- For the export of services, the documentation that supports that the currencies have been negotiated in the national territory. It must be certified by the registered Accountant and signed by the Legal Representative.
- Documents that support registered operations of the normal course of business and claimed tax credit.

Read full statement (In Spanish).

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Guatemala: Tax Calendar - January 2019

January 2019

Schedule of payments of obligations corresponding to January 2019 and tax memorandum on the validity of minimum wages 2019.

Tax calendar of obligations corresponding to December 2019:

Tuesday 15th
VAT return to credit employees' income tax (January to December 2018)

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Guatemala: Tax Calendar - December 2018

December 2018

Calendar of payments of obligations corresponding to December 2018 and tax memorandum on the data update before the Superintendence of Tax Administration.

Tax calendar of obligations corresponding to December 2018:

Friday, 14th
Monthly Income Tax withholdings for Employees

Registration for Electronic Billing Regime

September 2018

Starting next month, companies and individual taxpayers in Guatemala will be able to enroll in the online electronic billing system, which for the moment is not mandatory.

This year the Superintendency of Tax Administration (SAT), created an agreement which makes available to all taxpayers the ability to issue of Electronic Tax Documents (DTE) such as invoices, debit and credit notes, receipts and other documents authorized by the institution.

Guatemalan Tax Update

January 2013

Certificates of Exemption from VAT, Income Tax Worksheet 2013, VAT Submission Form 2012, and validation of invoices for small taxpayers in the VAT Form.

Tezó and Associates has released a newsletter entitled "BANCASAT News", edition No. 457, dated December 17, 2012 which includes topics of interest to taxpayers, some of which are reproduced below.

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