Regulations for Collection in Development Areas

In Guatemala, the regulations governing the tariffs to be applied to users, administrators and economic zones have come into force as part of the new legislation on Special Public Economic Development Zones.

Thursday, July 4, 2019

The tariffs that will be applied according to the categories established in the regulation, published in the Diario de Centroamérica on June 28th, were effective.

The tables detailed in Ministerial Agreement 274-2019, which was issued by the Ministry of Finance, vary their percentages based on the category of the special zones, which are defined according to the location of the economic zones.

You may be interested in "Incentives That Work” y "Tax Benefits for Companies in Special Zones”.

Category 1 includes the departments of Alta Verapaz, Huehuetenango and Chiquimula. Category 2 includes Quiché, Jalapa, Totonicapán, San Marcos, Sololá, Jutiapa, Baja Verapaz, Petén, Santa Rosa, Suchitepéquez, Retalhuleu, Izabal, Chimaltenango and Zacapa.

Category 3 applies to Escuintla, El Progreso, Quetzaltenango and Sacatepéquez, and Category 4 includes Guatemala only. See details of the charges in official publication.

Antonio Malouf, director of the Clothing and Textiles Commission (Vestex), explained to Elpeirodico.com.gt that ZDEEPs are options "... for the different regions of the country to develop. However, there is still a need to improve the conditions of the road network in order to be able to send containers to the departments."

More on this topic

Economic Development Zones: Projects Move Forward

July 2019

Puerta del Istmo, Centro Logístico Quetzal and ZDEEP Piedras Negras, are the projects advancing in Guatemala in the process of becoming Zones of Special Public Economic Development.

After the Santo Tomás de Castilla Free Trade and Industry Zone (Zolic) approved in April the first Special Public Economic Development Zone (ZDEEP) called "Michatoya Pacifico", which is on the Puerto Quetzal, Escuintla Highway, there are three other projects that have begun the process to establish.

Tax Benefits for Companies in Special Zones

February 2019

The regulation for Special Public Economic Development Zones, which came into effect in Guatemala on February 4, establishes fiscal incentives for companies operating under this scheme.

Among the tax benefits provided by the Law on Special Public Economic Development Zones (ZDEEP), include the exemption for 10 years of 100% of income tax, as well as the temporary suspension of taxes associated with imports.

Free Trade Zones: Economic Hypocrisy

June 2015

If free zones -with their tax breaks and other privileges- are good for the economy, why isn't the entire country made into a free zone?

EDITORIAL

Why not provide companies founded with Central America capital the same benefits and privileges enjoyed by foreign firms operating under free zone regimes? The job creation and contribution to the economy that can be made by companies in free zones because they enjoy these privileges should be able to come from business founded with Central American capital as well, which in contrast to foreign firms, have to deal with excessive regulations and bureaucracy in the States of Central America.

Costa Rica: Feasibility Study for SEZ

August 2012

The Republic of China is to conduct a feasibility study for the construction of a Special Economic Zone (SEZ) in the country.

A press release from the Ministry of Foreign Affairs of Costa Rica reads:

COMEX and the China Development Bank have signed agreement to initiate a feasibility study.

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