Guidance (Institutional Tax Opinion No. 5-2021) dated 5 August 2021 published by Guatemala’s Superintendency of Tax Administration (SAT) on its website offers taxpayers additional flexibility regarding the circumstances in which they may claim income tax deductions or VAT credits in relation to payments made to their suppliers. The guidance indicates that taxpayers may be able to claim deductions or tax credits relating to transactions that are settled through means other than a direct payment to the supplier through the banking system if certain criteria are fulfilled.
Source: Deloitte
