Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

January 19, 2023
2023-5079

Guatemala’s Ministry of Public Finance amends Value Added Tax Regulations

  • On 9 January 2023, the Guatemalan Government published Governmental Agreement number 12-2023 (GA 12-2023) in the Official Gazette, amending article 30 of Government Agreement number 5-2013 (GA 12-2013), Regulations of the Value Added Tax (VAT) Law.

Through GA 12-2023, published on 9 January 2023, the Guatemalan Ministry of Public Finance issued amendments to GA 5-2013, the VAT Law Regulations.

In addition to GA 12-2023, on 14 October 2022, Government Agreement number 245-2022 (GA 245-2022), issued by the Ministry of Public Finance, was published in the Official Gazette, which also contained reforms to GA 5-2013, the VAT Law Regulations.

Both Government Agreements (2022 and 2023) reform article 30 of the VAT Law Regulations. GA 12-2023, the most recent amendments, modifies the following aspects of the VAT law:

  • Eliminates the obligation to record the Tax Identification Number (NIT) or Unique Identification Code (CUI) in documents that evidence the provision of basic services for amounts equal to or greater than GTQ500.

  • In cases where the consumer is a foreigner, the issuer of the document must include the identification number of the foreign natural or foreign legal person.

  • It creates the possibility for the Tax Administration to authorize the progressive application of the obligation to record the TaxID or Personal ID number in the documents that evidence sales of goods or provision of services for amounts equal to or greater than GTQ2,500, in cases of force majeure and that are duly justified by the issuers. The Tax Administration will establish the corresponding mechanisms and deadlines for what is described above.

GA 12-2023 entered into force on 14 January 2023 and repeals GA 245-2022.

_________________________________________

For additional information with respect to this Alert, please contact the following:

Ernst & Young Honduras, S. de R. L.

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2024, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.

 


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or ey.com. Please refer to the privacy notice/policy on these sites for more information.


Yes, I accept         Find out more