Audited financial Statements and SAT in Guatemala
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Audited financial Statements and SAT in Guatemala

Since November 2021, the Tax Administration has made some communications with taxpayers requiring some specific forms regarding the presentation of reconciliations and audited financial statements, when applicable. It is important to start by defining who is obliged to submit such financial statements to the Tax Administration. Several legal bodies place this obligation. Income Tax In…

Fiscal incentives contained in the new Law for the promotion of innovation and technological manufacturing in El Salvador
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Fiscal incentives contained in the new Law for the promotion of innovation and technological manufacturing in El Salvador

On April 18, 2023, the Legislative Assembly approved the new Law for the Promotion of Innovation and Technological Manufacturing, with the purpose of encouraging natural or legal persons to make, within the national territory, new investments in innovation projects or technological manufacturing, thus contributing to the economic growth and sustainable development of the country through…

Joint and several liability of the legal representative in tax matters in Nicaragua
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Joint and several liability of the legal representative in tax matters in Nicaragua

Nicaraguan law requires companies to register as taxpayers with the General Revenue Directorate (DGI). The Single Registry of Taxpayers includes basic data of the company, such as: shareholder composition, current board of directors, fiscal domicile, economic activity, legal representative, etc. It is the taxpayer’s obligation to keep this information updated, being necessary to carry out…