VATupdate

Share this post on

Recent VAT changes in 2020 – Changes related to recovery of input tax credits

Under Guatemala’s VAT, taxable persons can generally offset their input tax against their output tax (the VAT the taxpayer charges or collects on the sale of goods or services). If their input tax exceeds their output tax, the taxpayer has a VAT tax credit. The input tax credit is generally claimed (recovered) in the month the invoice is received or it can be carried forward to offset output tax in a subsequent VAT period.

Source:

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner