- Guatemala’s SAT issued guidance on treatment of expenses paid by lessees
- Lessees can claim VAT credit and income tax deduction for certain expenses
- Conditions for deductibility include invoices in lessor’s name, matching address, and proof of payment
- Tax credit for VAT must comply with article 18 of VAT law, expenses for income tax with article 21 of Tax Update Law
- Companies should review leases to ensure compliance with conditions
- SAT’s opinions are not binding but provide insight into tax laws and audit criteria
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.
