Who Gets Tax Exemptions in Guatemala?Complaints have been made that there is not a clear and complete record of the number of companies benefiting from special tax regimes.Tuesday, February 24, 2015
It is estimated that there are approximately 3,000 taxpayers who fall under the tax exemptions regime, either totally or partially. However, this data has not been confirmed by the Superintendency of Tax Administration, even though it had to submit its first report in 2014, according to the rule which came into effect in November 2013. Source: elperiodico.com.gt Real Usefulness of Tax IncentivesMay 2015 The problem with income tax exemptions is that they favor high-return projects that would probably have been made anyway.
Proposal to Exempt Startups from Income TaxApril 2015 A bill put forward by Liberal MPs in Costa Rica proposes that during the first three years of operation, new companies would be exempt from paying income tax. Guatemala: Income Tax Lowered by 3%January 2015 In order to encourage investment in the country, starting from this fiscal year income tax paid by taxpayers registered in the regime on profits will be reduced from 28% to 25%. Tax holidays fail to attract capital in GuatemalaJune 2008 The extended exemptions from paying taxes in Guatemala haven't been effective for attracting foreign direct investment (FDI).
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