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Guatemala flag Guatemala:

Presentation of Guatemala : Taxation

Value added tax (VAT) - Impuesto al valor agregado (IVA)
12%
Company Tax :
Trade or business activities: The rate under the general regime is 25% on net income
Simplified optional system: The tax rate is 5% on monthly gross income that ranges from GTQ 0.01 to 30,000, and 7% on the excess
Solidarity tax (ISO - Impuesto de Solidaridad): 1% of the higher of net assets or gross income, whichever is higher
Revenue categorized as passive income (for residents): 5% on dividends;
10% on interest;
10% on income from leases of movable property;
7% on leases of real estate
Withholding Taxes :
Dividends: 5%, Interest: 0% (banking and financial sector)/10%, Royalties: 0% (residents)/15% (non-residents)
Social Security Contributions Paid By Employers :
10.67%
Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 

Country Comparison For Corporate Taxation

  Guatemala Latin America & Caribbean United States Germany
Number of Payments of Taxes per Year 8.0 28.2 10.6 9.0
Time Taken For Administrative Formalities (Hours) 248.0 327.5 175.0 218.0
Total Share of Taxes (% of Profit) 35.2 46.8 36.6 48.8

Source: Doing Business - Latest available data.

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Latest Update: November 2022