The Superintendence of Tax Administration (SAT) has created the "Authorized Economic Operator" (AEO) legal vehicle, which allows qualified companies to streamline their import and export operations.
Under the regulations, all sectors in the logistics chain can be part of the AEO and involved in international trade of goods. They can be exporters, importers, shippers, customs brokers, logistics operators, port companies, suppliers, manufacturers, carriers and other actors who, after study and analysis from SAT, can access the benefit.
To join the AEO companies must comply with procedures developed by SAT. The requirements include administrative, human resource and safety issues. These can be consulted in procedure PRO-IA-DN-UNP-01.08, in section on specific rules for submission of applications and requirements, available at webwww.sat.gob.gt (customs category and sub category Guatemala AEO).
According to SAT, the application to AEO is no cost before customs but it is likely that applicants may incur in costs to meet the standards contained in the requirement list.
• Reduction in percentage of immediate verification in the form of risk management.
• Right to personal attention by an official.
• Ability to be recognized as AEO by customs services of other countries with similar programs which have signed mutual recognition agreement.
• Right to receive specialized training by SAT.
• Simplification and streamlining customs clearance operations.
• Be seen in new programs aimed at facilitating clearance of goods.
• Priority attention in trade shock situations or high levels of threat at ports, airports and borders.
The Customs Directorate is calling on companies involved in foreign trade to take part in the AEO Programme.
The Customs Directorate is inviting producers, importers, exporters, carriers, customs agents, bonded warehouses, Consolidated / deconsolidated companies, courier companies, free zones and ports, to form part of the AEO Program of Guatemala, which strikes a balance between security and facilitation of international trade, through a strategic alliance between the Customs Administration, the Tax Authority and the different participants in the supply chain.
Companies which are certified as Authorized Economic Operators will be able to reduce paperwork times and have priority at customs.
In order to access this certification interested companies must be up to date with tax and customs payments, tax requirements, and review legal and administrative processes, industrial safety and human resources.
The Single Counter for Exporters has announced the launch of a new service for traceability of export documents.
From a statement by AGEXPORT:
Focussing on providing a better service to Guatemalan exporters using quality and innovative tools, the Single Window for Exporters, VUPE, offers the tool: "Consultation of Traceability Export Documents and the Tax No. requirements on SEADEX WEB .
A two month exemption from fines resulting from the application of the new law is one of the issues being debated by government and business representatives.
The Tax Authority (SAT in Spanish), customs brokers, the business community and carriers are awaiting on Friday March 16th the president's decision to issue a decree for a two month exemption from fines resulting from violations of the newly enforced Customs Act.
Receive more news about Exports & imports
Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.
I have 45 years of global trade experience, If you require contacts to buy or sell any product my expertise could help. Have manufacturing connections worldwide. If you are looking for a source for farm equipment;...