Extraordinary measures announced by the tax authorities will focus on reviewing withholding tax, declarations and verification of income tax.
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.
An announcement has been made that greater control will be exerted in verifying payments of income taxes by large taxpayers.
Due to the decline in revenue from income tax and irregularities in the internal collection agency, the Directorate of Revenue has announced it will increase controls on businesses.
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.
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.
At the request of producer cooperatives Congress is considering eliminating the tax for the sector.
What has been suggested is reforming a decree which "designates a 1.5% retention of Income Tax (ISR by its initials in Spanish) on cooperatives for their agricultural activities, which according to these entities affects them, because they generate illiquidity and this prevents coffee farming being a sustainable activity," noted an article in Laprensagrafica.com.
A Memorandum has been issued by Tezó y Asociados on the Transfer Pricing Study and obligations for the payment schedule corresponding to September 2013.
In order to check the results declared at the close of 2013 the Treasury has expanded powers to obtain information from taxpayers.
An article in Nacion.com by Oscar Rodriguez reports that "In this period, which ends Sept. 30, the Treasury may apply for the first time in a full fiscal year, the rules given in fiscal transparency laws and strengthening tax management, approved in September 2012. " ... " Carlos Vargas, Director General of Taxation, acknowledged that the new powers will allow them to be more effective in the control of the information to state companies and people."
Deadlines in September 2013 for the tax liabilities of August 2013.
Tax Memorandum Edition
11 to 13 September 2013
Notice from the SAT Personal Identification Document-DPI
The the Official newspaper of 23 August 2013, the Constitutional Court ruled unconstitutional actions raised in Article 22 of Decree No. 39-2010 which amends Article 92 of Decree No. 90-2005, National Registration Act of Persons. This rule states that the Personal Identification Document-(DPI by its initials in Spanish) is effective as of January 2, 2013, and consequently means that the the Certificate Neighbourhood identification is no longer valid. This date was extended on December 21, 2012, the effect of the declaration of Interim Suspension by the Court.
Memorandum from Tezó y Asociados regarding the Annual Declaration of Compliance with Labor Duties and obligations for the payment schedule corresponding to July 2013.
Tax Memorandum
Issue 10 to 13 August 2013
Annual Declaration of Compliance with Labor Duties
(For firms operating under Decree No. 29-89)
In the official newspaper dated June 26, 2013, the Ministry of Economy published Government Agreement No.
Both sides are discussing three articles of the Tax Update Law, but so far have failed to reach an agreement.
According to Andres Castillo, president of the Chamber of Industry of Guatemala (CIG), one of the items that is causing disagreement is related to the payment of income tax (ISR) on the tips received by service companies.
A law decree under discussion in Congress seeks to grant a tax amnesty on penalties and interest to taxpayers with outstanding accounts with the State.
The draft submitted by the secretary of the CN, Rigoberto Chang Castillo, would grant amnesty to tax charges such as taxes and contributions for improvements, fees, surcharges, fines and surcharges, which must be paid no later than July 31 of the current year .
The Office of Administration agreed with the Chamber of Commerce in pointing out the unconstitutionality of the change in the method of paying income tax.
According to the Administration Office of Panama, the way that the regulation is applied does not meet public order reasons.
The Ombudsman considered that one of the five sections of Act 52 sued by the business association for being unconstitutional, does not comply with the provisions of the constitution.
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