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|
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’s fiscal or banking authorities?
For individuals (local employees or international assignees in a work relationship), no.
© 2018 KPMG de Guatemala, S.A, a Guatemala corporation and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.