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):
The SAT has recently announced that it will oversee statements on Quarterly Payments of ISR, especially the deductibility of expenses and is also asking for integration of expenses reported as nondeductible.
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.
Tax Memorandum by Tezó and Associates on the Study on Transfer Pricing and payment schedule corresponding obligations for March 2014.
Tax Memorandum 5 to 14 February 2014
Do you need to have a Transfer Pricing Study for 2013 ?
If your company imports, exports, provides services, receiving services, gives or receives funding, among other concepts, with related companies located abroad, the Special Valuation Rules Between Related Parties under Articles 54 to 67 of Decree No. 10-2012 apply to you. The subsequent Decree No. 19-2013, effective as of December 21, 2013, states that these rules are suspended in their implementation and enforcement, and that those rules will take effect again and be implemented on 1 January 2015. But there is doubt as to the date of the start of the suspension of the observance of the rules, since the same Decree No. 19-2013 referred us to Article 7 of the Tax Code and its interpretation leads us to conclude that the suspension starts on January 1, 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.
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.
Tax Memorandum relating to people bound by the Law Against Money Laundering and Other Assets and obligations for the payment schedules corresponding to December 2013.
Tax Memorandum 14 to 13 December 2013
People bound by the Law Against Money Laundering and Other Assets
In the Diario de Centro America dated November 25, 2013 Governmental Agreement Number 443-2013 was published containing the reform to Governmental Agreement Number 118-2002 dated April 17, 2002, Regulation of the Law Against Money Laundering and Other Assets.
A memorandum has been released by Tezó and Associates tax regarding the IGSS payroll presentation in electronic form and deadlines for payments of obligations in November 2013.
Tax Memorandum 13 to 13 November 2013
Submission of IGSS forms electronically
The Social Security Institute-IGSS, published in the Official Gazette on October 30, 2013, Agreement Number 1310 by its Board of Directors, by which it implements the use of electronic payroll, with effect from October 31 , 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).
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.
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.
A memorandum has been released by Tezó and Associates regarding New Rules of VAT law and the payment schedule for obligations in January 2013.
Tax Memorandum
February 2 to 13, 2013 Edition
New Rules of VAT law
The Law of Value Added Tax-VAT under Decree No. 27-92 was amended by Decree No. 4-2012, effective as of February 25, 2012 and Decree No. 10-2012 Effective from May 13, 2012, for this reason the Ministry of Finance has issued a new regulation of the VAT Act contained in Government Decision No. 5-2013, effective as of January 9, 2013.
The tax calendar contains all the dates for submissions, payments and deadlines established by various tax revenues authorities.
The Honduran Executive Directorate of Revenue has published on its website the tax calendar for the year 2013, with dates for submissions, payments and deadlines for the different taxes that the Executive Directorate of Revenue administers.
A tax memorandum has been released by Tezó and Associates containing information on Minimum Wages and the payment schedule for obligations for December 2012.
Tax Memorandum
Issue 1 to 13 January 2013
Minimum Wages
On 28 December 2012 the Ministry of Labour and Social Welfare published in the Diario de Centro América Government Agreement No. 359-2012, whereby the new minimum wages are established for agricultural, non-agricultural activities and maquila export and regulated by Decree No. 29-89, effective from January 1, 2013.
A Tax Memorandum has been released by Tezó and Associates regarding non-deductible expenses for 2012, and the bond repayment schedule for October 2012.
Tax Memorandum
November 14 to 12, 2012 Edition
Non deductible Expenses for 2012
On February 17, 2012 Decree No. 4-2012 was issued, which among other laws, amends the Income Tax law. This time we present our analysis of the reforms made to Article 3 of Article 39, as follows.
A fiscal memorandum has been released by Tezó and Associates detailing tax obligations, and the payment schedule for September 2012.
Tax Memorandum
October 13 to 12, 2012 Edition
Planning Tax Obligations
The planning of tax liabilities for taxpayer, should be conducted in conjunction with the preparation of budgets and be concrete before the start of each year.