By: Susan Cifuentes, Flor Sánchez
On Friday, October 14 of this year, the Ministry of Public Finances published in the Official Gazette the Governmental Agreement 245-2022, which communicates the reforms to the Regulation of the Value Added Tax Law (VAT), especially to Article 30 established in Agreement 5-2013.
Among the most important points are:
- For invoices of the Special Regime of Agricultural Taxpayer as applicable must place the phrases: “With form of payment on gross sales” or “With form of payment on profits, do not withhold”, for the Electronic Regimes of Small Taxpayer and Agricultural Taxpayer the phrase: “Do not withhold” and the number of resolutions of incorporation to the regime.
- With respect to the Tax Identification Number -NIT- of the purchaser, if the latter does not have it, the Unique Identification Code -CUI- of the Personal Identification Document -DPI- shall be entered, only the words Final Consumer -C/F- may be entered for invoices evidencing sales or services below Q2,500.00 and for documents evidencing the rendering of basic services such as consumption of drinking water, electric power and telephone services below Q500.00.
Governmental Agreement 245-2022 will enter into force three months after its publication in the Official Gazette.