Guatemalan VAT number contains seven digits, one dash, and one digit (e.g., 0123456-1).
The standard VAT rate in Guatemala is 12%, with a reduced rate of 5% for small businesses. Some goods and services are exempt from Guatemalan VAT, such as existential food supplies and education.
All businesses with Guatemalan VAT number must submit periodic VAT reports.
For all companies that operate in Guatemala, VAT returns must be submitted monthly.
In the case of the late filing of VAT returns and payments, the Guatemalan government prescribed the penalties as follows:
According to articles 29 and 30 of government agreement 5-2013, special invoices, small taxpayer invoices, debit and credit notes issued in Guatemala must have at least the following information:
Failure to issue an invoice will trigger a fine equivalent to the amount of the tax corresponding to the transaction.
Guatemala introduced Factura electrónica en línea (FEL) as mandatory for all Guatemalan taxpayers.
Factura electrónica en línea (FEL) is the operational model and the rules applicable to the electronic invoicing in the Republic of Guatemala. Factura electrónica en línea (FEL) includes ellectronicaly issuance, transmission, certification and preservation of the invoices and other documents authorized by the Superintendency of Tax Administration (Superintendencia de Administración Tributaria – SAT), which is called Documento Tributario Electrónico (DTE).
In other words, all the management of tax invoicing in Guatemala must be carried out within the Superintendencia de Administración Tributaria (SAT) prior to authorization and issuance of invoice. This is intended to ensure greater control and security in the issuance of documents with tax implications, which must always have online authorization.
The Guatemalan government identified four main subjects in this process:
As already mentioned above, all invoices issued in Guatemala must be authorized by Superintendencia de Administración Tributaria (SAT) in real-time.
The process of online real-time authorization is as follows:
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