Guatemala In July 2004, via decrees number 18-04 and number 19-04, the Congress of the Republic of Guatemala amended the legislation to require taxpayers to file financial statements "duly audited" by a professional or an independent auditing firm together with their annual income tax return. The new requirement is also intended to document net operating losses during two consecutive taxable periods and the potential exemption from the temporary tax to support the peace agreements (IETAAP).
February 01 2008