- Decree 31-2024 introduced changes in Guatemala effective April 9, 2025
- Annual income cap for the Small Taxpayer Regime increased to Q465,381.25
- This cap is equivalent to 125 monthly minimum wages for the non-agricultural sector
- More small businesses can now benefit from the regime
- The Small Taxpayer Regime simplifies tax compliance for small businesses
- Taxpayers pay a fixed rate of 5 percent on gross monthly income
- No need to file regular VAT or income tax returns under this regime
- Individuals and legal entities must have annual income below the new threshold to register
- Registration can be requested by the taxpayer or processed by SAT
- Exceeding the income limit requires registration under the General VAT Regime
- SAT will automatically transfer taxpayers who exceed the limit and notify them
- Small taxpayers must issue invoices for sales or services over Q50
Source: auxadi.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
