Paying Taxes in Guatemala

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Guatemala, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Corporate income tax1online filing4431% or 5%taxable profits or gross income25.9 
Extraordinary and temporary tax -IETAAP4 -1.0%turnover17.7included in other taxes
Social security contributions12 14412.7%gross salaries14.3 
Property tax4 -0.9%property value0.5 
Tax on interest1 -10.0%interest income0.3 
Advertising tax1 -0.5%advertising expenses0 
Value added tax (VAT)1online filing15612.0%value added and land sale not included
Totals:24 344  40.9 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.