Guatemala: Textile Sector Demands Law on Investments

Congress is deadlocked and essential laws to give legal certainty to investments for textile companies, among others, are being delayed.

Tuesday, March 18, 2014

The bill to attract investment and jobs submitted in January 2013 has not been approved, this prevents laying a foundation for an industry that can not proceed without a regulatory framework.

"One of the goals of this legislative proposal is to fulfill the commitments Guatemala has assumed with the World Trade Organization (WTO).

The commitment is to eliminate exemptions from income tax (ISR) on export activities no later than December 15, 2015, for which the projected the deadline for the adoption is June 30, 2014. "

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