Transfer Pricing Newsletter 01
A brand new Income Tax Law was recently passed by Congress in Guatemala. For the first time, Transfer Pricing –TP- rules were included.
The TP legislation in Guatemala established in the Decree 10-2012, will become effective on January 1 2013. TP requirements are going to be applicable to any operation carried out between a Guatemalan resident taxpayer and a non-resident related party, as long as such transaction has effects on the calculation of the taxable income of the fiscal year and subsequent fiscal years in which the operation is performed.