Guatemala

An individual is a Guatemalan tax resident if they remain in the country for more than 183 days during the calendar year (1 January to 31 December), even if not continuously, or if their centre of economic interests is located in Guatemala — unless they prove tax residence or domicile in another country with a certificate from that country's tax authorities.

Guatemala's tax year for individuals runs from 1 January to 31 December, and income tax on salaries, rentals, royalties, and fees for technical or professional services is collected through withholding by the employer or payer.

Guatemala taxes its citizens and resident or non-resident individuals alike on compensation attributable to services rendered in Guatemala and on other Guatemalan-source income.

Individuals may deduct social security contributions (4.83% of salary), life insurance premiums, and donations (subject to restrictions), in addition to a standard deduction of GTQ 48,000.

Guatemala's VAT is assessed over a monthly tax period; the amount payable to the Superintendencia de Administración Tributaria (SAT) is the difference between debits and credits accrued in that month, filed and paid in the calendar month following the end of the period.

Guatemala exempts a defined list of sales and services from VAT, including banking institution services, the issuance and circulation of credit and value bonds, interest on credit bonds traded on an authorised stock exchange, imports by cooperatives and by diplomatic and consular missions, exports of goods and services, and donations to nonprofit educational, cultural, assistance, or security-service entities.