Allo' Expat Guatemala - Connecting Expats in Guatemala
Main Homepage
Allo' Expat Guatemala Logo


Subscribe to Allo' Expat Newsletter
 
Check our Rates
   Information Center Guatemala
Guatemala General Information
Guatemala Expatriates Handbook
Guatemala and Foreign Government
Guatemala General Listings
Guatemala Useful Tips
Guatemala Education & Medical
Guatemala Travel & Tourism Info
Guatemala Lifestyle & Leisure
Guatemala Business Matters
 
Doing Business
Taxation
  Sponsored Links


Check our Rates

Taxation in Guatemala
 
 
 

Corporate Tax

Main rate: 31% of net income

Guatemala operates a territorial system where income tax is levied only on Guatemalan-source income. Resident companies may opt to be taxed under one of two regimes: the general regime, where a flat 5% tax is imposed on gross income of each month; or the optional regime, where tax is levied at a rate of 31% on net taxable income. An asset tax is also imposed, amounting to 2.5% of the income or net assets of the previous year. The asset tax may be credited against corporate income tax liability.

Personal Tax

Progressive rates to 31%

Resident individuals are subject to income tax at progressive rates ranging from 15% to 31% on their Guatemalan-source income. Non-resident individuals are taxed via withholding at a flat rate of 31% on their Guatemalan-source income. Employment and professional services income is taxed at progressive rates ranging from 10% to 31%, generally via withholding at source. Other income is taxed at a flat rate of 31%.

Capital Gains

Gains are taxable

Capital gains are taxed at 10% under the general regime and 31% under the optional regime.

Indirect Tax

Standard rate: 12%

Value-added tax (VAT) applies at a 12% standard rate to most transactions. Exemptions include basic foodstuffs, certain financial services and sales of some low-cost housing. Exports are zero-rated, and exporters may obtain a refund of 60% (or 75% for smaller amounts) of input tax paid. A simplified regime applies for small taxpayers.


See more information on the next page... (next)


 

 
 
   



 


copyrights © AlloExpat.com
2015 | Policy