Guatemala Ratifies the Convention on Mutual Administrative Assistance in Tax Matters

June 9, 2017

Tom Hospod

Author

Sovos

This blog was last updated on June 27, 2021

The Guatemalan government has adopted the Convention on Mutual Administrative Assistance in Tax Matters in a move to demonstrate its commitment to tax transparency and remove itself from a “blacklist” of international tax havens.

Once it takes the necessary legislative steps to implement the OECD programs, Guatemala will be able to exchange information with any of the 110 partner jurisdictions that have also adopted the Convention – including those engaged in the Common Reporting Standard. The Convention provides the foundation for Guatemala to enter into bilateral negotiations and agreements with other AEOI countries.

Tom Hospod

Tom Hospod is a Regulatory Counsel at Sovos Compliance. Within Sovos' Regulatory Analysis function, Tom focuses om Affordable Care Act (ACA) reporting, Tax Withholding, and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.

Stay up to date with the latest tax and compliance updates that may impact your business.