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Guatemala - Overview and introduction

Guatemala - Overview and introduction

Taxation of international executives

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Guatemala street landscape in the afternoon sunset

If an individual’s length of stay in Guatemala is less than 12 months, taxable income is projected to a complete year and the tax liability calculated on that value and prorated to the actual period of the stay. The entire amount of taxable income is subject to the rate applicable to the bracket in which total taxable income falls.

Residents and non-residents are taxed on Guatemalan-source income only.

The official currency of Guatemala is the Guatemalan Quetzal (GTQ).

Herein, the host country/jurisdiction refers to the country/jurisdiction to which the employee is assigned. The home country/jurisdiction refers to the country/jurisdiction where the assignee lives when they are not on assignment.

Disclaimer:

All information contained in this publication is summarized by Aldana, Rodriguez y Asociados, S.C., the Guatemalan member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on Decree No. 10-2012 Income Tax Law and subsequent amendments; and the Social Security Regulations; Immovable Property Law “Decree No. 15-98”; and Estate, Gift and Wealth “Decree No. 431”.

Copyright

© 2020 Aldana, Rodriguez y Asociados, S.C., the Guatemalan member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

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