The Congress of the Republic of Guatemala published the Decree number9-2017, which ratifies the Convention on Mutual Administrative Assistance in Tax Matters of the Organization for Economic Cooperation and Development (OECD).
The most important aspect of the Convention is the protocol established for the Tax Administration and for the fiscal authorities of other member countries in the exchange of tax information on the following matters:
- Simultaneous tax audits and participation of tax audits abroad;
- Assistance in the collection, including the establishment of interim measures;
- Notification or transfer of documents.
The Decree will come into force in Guatemala as of June 6, 2017; however, in order for the Convention to be fully effective, a period of three months will be needed after the instrument is deposited.