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Guatemala’s Tax Legislation Overhaul: Promoting Compliance and Digitalization for Improved Supervision

  • Guatemala proposing changes in tax legislation
  • Measures target various taxes and tax declarations
  • Tax exemptions in Free Trade Zones affected
  • Free Zone regime encourages foreign investment
  • New fiscal incentive scheme for companies in Free Trade Zones
  • Digitalization of tax processes a priority for SAT
  • Mandatory electronic declarations for legal entities and individuals
  • Stricter requirements for electronic invoicing
  • Mandatory digital inventory and sales control systems for certain sectors
  • Companies need to invest in technological infrastructure for compliance

Source: auxadi.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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