Guatemala Publishes Decree Introducing Special Regimes for Agricultural and Small Taxpayers and Tax Regularization

Guatemala's tax authority (SAT) has announced the publication of Decree No. 7-2019, which creates two new tax regimes for smaller taxpayers:

• Special Agriculture Tax Regime, which provides for a monthly flat tax at a rate of 5% on gross sales for qualifying individual farmers with annual sales not exceeding GTQ 3 million; and
• Electronic Tax Payment Regime, which provides for a monthly flat tax at a rate of 4% on gross sales of  qualifying special agricultural taxpayers and qualifyi…