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Guatemala Tax Reform Legislation Includes Increased Corporate Tax Rate

|Proposed Changes|Guatemala
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
  • Introd…

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