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Guatemala Increases Small Taxpayer Regime Threshold

|Approved Changes|Guatemala
Guatemala

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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