Guatemala Increases Small Taxpayer Regime Threshold

According to recent reports, Guatemala has increased the annual income threshold for the simplified small taxpayer regime. Under the regime, qualifying taxpayers are subject to a flat 5% tax on gross income, which replaces both income tax and VAT. The annual income threshold for the regime has been changed from a fixed amount of GTQ 150,000 to the GTQ equivalent of 125 minimum wages effective 9…
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