Guatemalan Free Zones Forbidden From Selling In Country

The Tax Authority prohibited the sale of products originated at Free Zones within the country’s borders.

Wednesday, March 10, 2010

The ruling will come into effect on May 1st, and is part of the current Free Zone Law (Article 4).

From Sigloxxi.com: “René Castañeda, president of the Free Zone Association, argued that this measure will cause the State’s Treasury losses in the millions. ‘They will stop receiving some $40 million in nationalization taxes, such as the Value Added Tax (IVA), and tariff rights’ he said”.

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