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Guatemala Establishes Tax Rules for Leasing

|Approved Changes|Guatemala
Guatemala

Guatemala has introduced new regulations regarding leasing transactions through Decree no. 2 of 2021. This includes certain tax rules for leasing income as follows for the lessor:

  • Interest, price differentials, factoring expenses, and other financial charges must be recorded as ordinary taxable income;
  • Leased assets must be recorded in the balance sheet as accounts receivable and amortized ove…

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