Taxation of international executives
Are there social security/social insurance taxes in Guatemala? If so, what are the rates for employers and employees?
|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.
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.
Are there real estate taxes in Guatemala?
Immovable property is subject to real state tax at the following rates:
|2,001||20,000||0.2% per thousand|
|20,001||70,000||0.6% per thousand|
|70,001||Over||0.9% per thousand|
Are there sales and/or value-added taxes in Guatemala?
Sales of goods and services are taxed with a 12 percent tax rate.
Are there unemployment taxes in Guatemala?
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.
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.
A global survey of income tax, social security tax rates and tax legislation impacting expatriate employees.
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”.
© 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.