Guatemala’s SAT Introduces Prepopulated VAT Returns for Small Taxpayers

• Guatemala’s Superintendency of Tax Administration (SAT) has introduced suggested prepopulated VAT returns for small taxpayers
• The prepopulated monthly VAT returns are available to taxpayers registered under specific regimes
• The prepopulated information includes taxpayer details, tax period, and income based on online electronic invoicing
• The purpose is to simplify tax compliance and reduce errors in tax return preparation
• If there is no tax payable, the suggested return can be submitted directly through the FEL app
• If tax is payable, filing and payment must be done through Guatemala’s banking system
• The introduction of suggested pre-prepared tax returns shows SAT’s innovation in compliance and oversight using electronic tools.

Source: taxathand.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.