The Drawback Industries Law (Ley de Maquila, Decree 29-89) basically provides for the following benefits:
Exemption of customs duties on machinery, equipment, raw materials and spare parts. %
Exemption of VAT on imports.
10-Excemption on income tax.
The Free Trade Zones Law, basically provides for the following benefits:
Exemption of income tax for five years for commercial activities.
Exemption of income tax for ten years for industries and the rendering of services.
Exemption of VAT on operations inside and between free zones.
The Industrial Free Zone of Santo Tomás de Castilla-ZOLIC, basically provides for the following benefits:
Exemption of import taxes
Exemption of VAT on imports
Exemption of income taxes for ten years
The Retired Residents Law, basically provides for the following benefits:
Retirees are exempted from duties on household goods, furniture and equipment imported during the first year of residency.
Retirees are exempted of income tax and any other tax on income received from foreign sources. One vehicle may be imported duty free.
related to the
money and public
ruled by the
Monetary Board (Junta
and the Central
According to the
bank deposits in
well any kind of
Labor Law is ruled by the Labor Code, being considered a tutelary right of the employees. It guarantees individual contracting, and employment agreements.
Foreign Employees. Total of foreign employees, cannot exceed 90% of Guatemalans, nor exceed 85% of salaries paid. Directors and officials are exempted from this rule.
The Central American
Common Market (Mercado
establishes a common
market and customs
union between Guatemala and the other Central
in order to avoid
are imposed on
specific and ad
a 12% Value Added
is imposed on
Intellectual property is protected by the Copyright Law (Ley de Protección Intelectual) and the Industrial Property Law (Ley de Protección Industrial)