background image
14.5. Interest and Penalties

FAILURE TO FILE

Failure to file a annual tax return will result in a penalty of GTQ 3,000. A penalty of GTQ 1,500 is imposed for failure to file advance quarterly returns.

UNPAID TAX

Any unpaid tax due is subject to an interest penalty of 1.12% per month.

TAX EVASION OR FRAUD

In cases of tax evasion or fraud, a fine of up to 100% of the tax due will be imposed, as well as the interest penalty for unpaid tax.

FAILURE TO COOPERATE

Failure to cooperate with the tax authorities, such as not submitting requested information or documentation, can result in a fine equal to 1% of the taxpayer's gross income of the period being examined.

RELIEF FOR SETTLEMENT OF TAX DUES

In May 2017, Guatemala announced a three-month relief from fine, interest, and penalty for taxpayers who fulfil their outstanding tax obligations within the following time limits:

  • 100% relief if within the first month after 20 May 2017;
  • 95% relief if within the second month; and
  • 90% relief if within 19 September 2017.

The relief applies to tax obligations that arose in any taxable period ending before 1 January 2017.