January 2012 Tax Calendar
The deadlines reported in this month correspond to obligations for December 2011.
Friday the 13th Schedule of VAT (January to December 2011) 1119
Monday, 16 Publications Tax 1 P S P-01
Monday16 Employee Retention ISR. (Article 63 of ISR) SAT-No. 1054 SAT-No. 1055
Monday 16 10% Retention Financial Products Tax SAT-No. SAT-1054 No 1055
Monday 16 Retention Suppliers - 5% of ISR SAT-No. 1054 SAT-No. 1055
Monday, 16 Direct and Definitive payment of 5% of ISR. SAT-No. 1044 SAT-No.1045/1047
Monday 16 Retention Special Invoices ISR (6.2% and 3.1%) SAT-No. SAT-1054 No 1055
Monday 16 Deductions not domiciled in Guatemala ISR (Articles 33, 34, 35 and 36 of the
Act) SAT-No. 1094/1095 SAT-No. 1096/1097
Monday 16 10% Stamp Tax (Lotteries, raffles and draws) SAT-No. SAT-1004 No 1007
Monday 16 Report of printing invoices, special invoices, debit notes and credit. SAT-No.43 SAT-No. 149
Monday 16 Value Added Tax (Small Taxpayer Fixed Fee 5%). SAT-SAT-2042 No No.2049
Friday 20 Contributions to the IGSS, Receipt and Return INTECAP Irtra
Monday 23 Withholding Income Tax to not domiciled in Guatemala (Article 45 of the Act) SAT-No. SAT-1094 No.1097
Monday 23 Affidavit of withholding tax (Decree No. 20-2006) SAT-No.2219
Monday 30 OPA Declaration and sealed copy it to the Department of Industrial Policy, Decree No. 29-89
Tuesday 31 Solidarity Tax (October to December quarter 2011) SAT-No. 1601 SAT-No.1609
Tuesday 31 Special VAT Invoices (at December 31, 2011) SAT-No. 2083 SAT-No. 2086
Tuesday 31 Affidavit and monthly payment of VAT (at December 31, 2011) for taxpayers who perform only local operations. No.2231 SAT-SAT-No. 2239
Tuesday 31 Single Property Tax (IUSI October-December-2011) SAT-No.9001
Tuesday 31 Declaration monthly return and payment of VAT (at December 31, 2011) SAT-No. 2151 SAT-No. 2159
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TAX MEMORANDUM
January 2 to 12, 2012 Updated Edition
2012 Minimum Wage
On December 30, 2011 the Ministry for Labour and Welfare published in the Diario de Centro America the Government Agreement No. 520-2011 by means of which new minimum wages have been established for agricultural and non agricultural activities, and export and maquila activities under by Decree No. 29-89, effective from January 1, 2012.
The current minimum wages are:
----------------------------- ---- Monthly Per day
Agricultural activities -------- --- Q 2074.00 68.00 Q
Non agricultural activities --- Q ----- Q 2074.00 68.00
Decree 29-89 Activities ---- Q --- Q 1906.25 62.50
In the opinion of the Inspección General de Trabajo the monthly salary is determined by multiplying the daily wage for 365 days and then dividing it by 12 months.
The bonus incentive created by Decree No. 78-89, as amended, is independent from the minimum wages cited.
Under the Agreement, the purpose of the minimum wage is to get a greater number of workers earning wages that are higher than those fixed by this Agreement, therefore, the executive promotes policies that encourage companies to adopt better systems of remuneration so that workers may have a better quality of life. Employers are encouraged to seek out and implement in their work activities methods of remuneration in order to be competitive and thereby improve workers income.
More on this topic
January 2011
Minimum Wage 2011 and maturity dates in January 2011 for tax liability of December 2010.
MINIMUM WAGE
In a publication made on December 30, 2010, in the Official Newspaper, the Government Agreement No. 388-2010 of the Ministry of Labour and Social Welfare, establishes the new minimum wages for agricultural activities, and for non-farming export activities ruled by Decree No. 29-89, effective January 1st, 2011.
October 2011
Schedule for the payment of tax obligations for October 2011.
TAX CALENDAR October 2011
The deadlines this month, corresponding to obligations up to September 2011.
Friday 14 - Employee Retention ISR (ISRJ Law Article 63 - SAT-No. 1054 - SAT-No. 1055
Friday 14 - 10% Withholding Tax on Financial Products - SAT-No. 1054 - SAT-No.1055
February 2011
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.
March 2011
Items to be taken into account to carry out an annual transaction study between related companies.
Currently, several countries have existing legislation on transfer prices. The legislation regulates the elements that should be available to carry out an annual survey of transactions between related companies, as well as indicators serving as basis for determining if transfer pricing between related parties are within legal parameters.
español
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