Guatemala

Social security contributions

Employees contribute 4.83% of their monthly salary and employers contribute 12.67% of their monthly payroll to social security.

Consumption taxes

Value-added tax (VAT)

A 12% VAT is levied on the sale or transfer of merchandise and on non-personal services rendered or effected in Guatemala. See the Other taxes section in the Corporate summary for more information.

Real estate tax

Real estate taxes are assessed annually at GTQ 2 per thousand on declared property values of from GTQ 2,000 to GTQ 20,000, at GTQ 6 per thousand on values from GTQ 20,000 to GTQ 70,000, and at GTQ 9 per thousand on values in excess of GTQ 70,000 (e.g. property valued at GTQ 1 million will pay real estate taxes of GTQ 9,000).