- New threshold for small taxpayers in Guatemala affects consumer industry companies.
- Law for Integration of Primary and Agricultural Productive Sectors effective from 9 April 2025.
- New annual income threshold set at 125 monthly minimum wages, approximately GTQ 465,381.25 for 2025.
- Simplified tax regime for small taxpayers involves a 5 percent tax on monthly gross sales.
- No VAT credit available for purchases from small taxpayers.
- Companies must analyze supply chain impacts and update supplier databases.
- Companies must not recognize VAT credit or withhold income tax for purchases from small taxpayers.
- VAT withholding agents must withhold 5 percent of invoice amounts from small taxpayers.
- Supplier verification process recommended in May 2025 and annually in January.
Source: taxathand.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.
