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.
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