According to the latest amendment of the Law on Tax Update, Decree 10-2012, the rate of income tax (ISR) applied to taxpayers from 2015 will be 25%. The authorities clarified that the rate of 28% will be applied to taxpayers who have not yet completed the liquidation of 2014

The head of collections, Omar Franco told Elperiodico.com.gt that "... All taxpayers who are enrolled in gainful activities are eligible for the scheme on profits or the simplified optional scheme. In this case, the rate on profits has been reduced with the aim of encouraging investment, however, the controls on the side of the verification of costs and expenses has been tightened. "

For its part, the auditor of the firm Asesores Jurídicos y Financieros, Hugo Roberto Calderon said that "... This reduction attends to a tax privilege which only applies to large investors. Those small businesses or businesses that do not have the ability to invest can not benefit from the measure. "

Source: elperiodico.com.gt

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