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Guatemala - Other taxes and levies

Guatemala - Other taxes and levies

Taxation of international executives

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Social security tax

Are there social security/social insurance taxes in Guatemala? If so, what are the rates for employers and employees?

 

Employer and employee

 

Type of insurance Paid by employer Paid by employee Total 
Social security 12.67% 4.83%  17.50%

The employer withholds the corresponding quotas to the employees.

Gift, wealth, estate, and/or inheritance tax

Are there any gift, wealth, estate, and/or inheritance taxes in Guatemala?

A separate tax law relates to inheritance and gifts. The tax rates range from 1 percent to 7 percent for bequests or gifts to spouses or children. Various rates up to 13 percent apply to bequests to other relatives. Gifts to unrelated parties are taxed at rates between 9 percent and 25 percent.

Real estate tax

Are there real estate taxes in Guatemala?

Immovable property is subject to real state tax at the following rates:

Taxable Amount

From GTQ

Taxable Amount

To GTQ

Rate
0 2,000 0.0%
2,001 20,000 0.2% per thousand
20,001 70,000 0.6% per thousand
70,001 Over 0.9% per thousand

Sales/VAT tax

Are there sales and/or value-added taxes in Guatemala?

Sales of goods and services are taxed with a 12 percent tax rate. 

Unemployment tax

Are there unemployment taxes in Guatemala?

No.

Other taxes

Are there additional taxes in Guatemala that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

No. 

Foreign Financial Assets

Is there a requirement to declare/report offshore assets (e.g. foreign financial accounts, securities) to the country/jurisdiction’s fiscal or banking authorities?

For individuals (local employees or international assignees in a work relationship), no.

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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