Current

Tax Updates - Tax Administration will be auditing real estate transactions

Newsletter #137:Tax Updates


 

On August 16, 2022, the Superintendent of the Tax Administration, Marco Livio Diaz, informed on omissions in the payment of Income Tax on capital gains in the transactions involving Real Estate by the taxpayers.

The three scenarios that the Tax Administration has detected are:

  • Mortgage: in the public deed of sale, the inconsistency is determined because the value of the real estate is recorded at a lower cost and the mortgage, which is for an amount higher than the transaction shown in the public deed of sale, is not reported for tax purposes.
  • Deed plus Mortgage: the transaction is split, the purchase is reported but the mortgage is omitted, to avoid adjusting the corresponding tax.
  • Down payment plus Mortgage: the non-compliance in the payment of the tax derives because only the down payment is recorded, and the complement of the transaction is not reported for the correct determination of the tax.

 

Additionally, the Tax Administration indicated that they are inspecting properties of high value.
The press release issued by the Tax Administration can be consulted here.

For more information, please contact:

 
 
SHARE
RELATED PUBLICATIONS

The Misuse of a Law Created to Protect Women

En los primeros meses de 2025, el Ministerio Público (MP) recibió más de 11 mil 500 denuncias de violencia contra la mujer en todas sus manifestaciones. Esto representa el 61% de todos los casos relacionados con delitos en contra de las mujeres, niñas, niños y adolescentes en lo que va de año.

Ver más

Freedom of Speech: a Right We Must Defend

What would you think if every time a union leader who spoke out against a policy ended up in court? Or if a businessman who complained about the state of the roads ended up in front of a judge? Or if a company's social media accounts were censored for expressing an opinion contrary to the status quo?

Ver más

Bids in the Guatemalan Electric Sector

On April 23, 2025, the Guatemala Electric Company (EEGSA), the Distribuidora de Electricidad de Occidente (DEOCSA) and the Distribuidora de Electricidad de Oriente (DEORSA) launched a call for bids and the bidding Terms and Conditions of the Electricity Generation Expansion Plan 5

Ver más