Guatemala’s Superintendency of Tax Administration (SAT) published significant tax guidance (Institutional Tax Opinions No. 01-2021 and No. 02-2021, dated 18 and 19 January 2021, respectively) on its website in early February 2021 that confirms certain positions of the SAT and that resolves certain tax compliance and administrative issues that have affected taxpayers in recent years. Institutional Tax Opinion No. 01-2021 modifies the corporate income tax and VAT treatment of invoices with formal errors, while Institutional Tax Opinion No. 02-2021 clarifies a taxpayer’s ability to credit late payments of solidarity tax against its corporate income tax liability. The guidance is summarized below.
Source: Deloitte
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