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Guatemala Tax Reform Legislation Includes Increased Corporate Tax Rate

17 August 2016

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Proposed Changes

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Guatemala

Guatemala's Ministry of Finance has announced that legislation including a number of tax reform measures has been submitted to Congress. The main measures include: Increasing the corporate tax rate from 25% to 29%; Allowing the carry forward of ordinary operating losses for up to four years (currently, no carry forward allowed); Introducing accelerated depreciation for fixed assets; and Introducing a tax regularization regime. Additional details of the reform measures will be published once available.