log in
All Articles | Back

Member Articles


Recent Tax Developments in Guatemala 

by Ana Alfaro Jose E. Quiñones

Published: August, 2012

Submission: September, 2012

 



With two Congressional Decrees approved in February and March 2012 (“Ley Antievasión II” (Decree 4-2012), and “Ley de Actualización Tribuaria” (Decree 10-2012) respectively), Congress introduces several reforms to the Guatemalan Tax System through extensive amendments to the Tax Code (“Código Tributario”) and other tax laws.

The most notorious and substantial reforms affect the VAT Law, the Tobacco Tax Law, the Tax Code, and Income Tax Law. A completely new Income Tax Law will enter into force on January 1st, 2013.

New figures to the Guatemalan Tax System such as Transfer Pricing, Permanent Establishment and Thin Capitalization rules are being introduced, as well as new definitions regarding residency for tax purposes.

 


Footnotes:






Link to article

 

MEMBER COMMENTS

 

 

WSG Member: Please login to add your comment.

    Disclaimer

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2020