On December 20th 2013, the Guatemalan tax authorities issued a notice that the country's transfer pricing rules were suspended effective December 21st 2013 to January 1st 2015. Guatemala's transfer pricing rules were introduced in 2012, and first went into effect January 1st 2013. The authorities recently confirmed that while the transfer pricing rules do not apply during the suspension period, business are still required to comply with the rules for any transactions occurring between January 1st 2013 to December 20th 2013. This includes adhering to the documentation requirements and disclosure of related party transactions with the tax return.