Tuesday, 29 Declaration to OPA with a sealed copy sent to the Department of Industrial Policy, Decree No. 29-89
Wednesday 30 Special VAT Invoices (to October 31, 2011) SAT-No. 2083 SAT-No. 2086
Wednesday 30 Deposition and monthly payment of VAT for local operations (to October 31, 2011) SAT SAT No. 2139 No. 2131
Wednesday 30 Deposition and monthly payment of VAT for import/export businesses (to October 31, 2011) SAT-No. 2151 SAT-No. 2159
The repayments reported in this month, correspond to liabilities for October 2011.
Issue 15, 11 November 2011
IGSS Waiver of Penalties and Interest on Overdue Installments
The Board of Directors at the Guatemalan Institute of Social Security (IGSS in Spanish), has issued Agreement No. 1270, published in the Official Gazette on September 29, 2011.
The agreement aims to provide private and public sector employers with one hundred percent (100%) exemption from the charges referred to in Articles 12 and 32 of Agreement No. 1118 issued by the Board, as well as surcharges, arrears and additional administrative expenses and compensatory interest incurred up to September 30, 2011, for non-payment of their employer bond.
The exemption is valid for a period of fifteen (15) months from October 1, 2011.
To qualify for the exemption, employers must meet one of the following requirements:
a) Sign an IOU, within the term of the Agreement, with a maximum payment period of 36 months, with 10% annual interest on the principal balance.
b) Pay the capital due within the term of the Agreement. The exemption does not apply to cases that have already involved legal proceedings.
The Agreement authorizes the administration of the IGSS to renegotiate the payment arrangements and IOU’s previously signed by the employer.
Detail on the ruling by the Constitutional Court regarding the deductibility of contributions to pension funds, and the February 2011 Tax Calendar.
On January 24, 2011, it was published in the Diario de Centro America, the ruling of the Constitutional Court regarding the unconstitutionality of the provision issued by the Superintendent of Tax Administration, Rudy Baldemar Villeda Vanegas, of not accepting the contributions made by customers of the Pension Fund for Retirement as a deduction in the process of determining the income tax in the year 2010.
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