Guatemala is the most populous country in Central America with a GDP per capita roughly one-half that of the average for Latin America and the Caribbean.
Economic data and statistics from Michigan State University
Registering a local corporation is a simple and quick procedure, taking close to 48 hours for provisional registration and a maximum of four months to achieve final registration. Corporations may initiate operations under provisional registration.
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Guatemala.
The Corporate Tax Rate in Guatemala stands at 25 percent. Corporate Tax Rate in Guatemala averaged 29.66 percent from 1997 until 2015, reaching an all time high of 31 percent in 2001 and a record low of 25 percent in 1998. Corporate Tax Rate in Guatemala is reported by...
The tax system of Guatemala is a unitary system, whereby income of all kinds, other than capital gains, is lumped together and subject to a single tax. The components of gross income subject to tax are usually business income, interest, dividends, rent, salaries, and services.
The Personal Income Tax Rate in Guatemala stands at 7 percent. Personal Income Tax Rate in Guatemala averaged 25 percent from 2004 until 2015, reaching an all time high of 31 percent in 2005 and a record low of 7 percent in 2013. Personal Income Tax Rate in Guatemala...
Guatemala taxes its citizens and resident or non-resident individuals on their compensation attributable to services rendered in Guatemala and on other Guatemalan-source income.
The Sales Tax Rate in Guatemala stands at 12 percent.
The Guatemala Sales Tax Rate | VAT is projected to trend around 12.00 percent in 2020