iCalculator™ GT"Informing, Educating, Saving Money and Time in Guatemala"
GT Tax 2024

iCalculator™ GT: Guatemala Tax Calculators

Welcome to iCalculator™ GT, your comprehensive suite of free tax calculators for Guatemala. iCalculator™ has provided free tax calculators for Guatemala since 2019. Since those early days we have extended our resources for Guatemala to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Guatemala Tax Calculator and salary calculators within our Guatemala tax section are based on the latest tax rates published by the Tax Administration in Guatemala. In this dedicated Tax Portal for Guatemala you can access:

Guatemala Tax Calculator 2024/25

The Guatemala Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Guatemala. This includes calculations for

  1. Employees in Guatemala to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Guatemala.
Guatemala Tax Calculator 2024
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Advanced Guatemala Salary Calculator
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Discover Guatemala

Guatemala, located in Central America, is bordered by Mexico to the north and west, Belize to the northeast, and Honduras and El Salvador to the southeast. Its eastern coastline lies along the Caribbean Sea, while the Pacific Ocean borders the south. This geographic diversity, from mountainous highlands and rainforests to coastal plains, contributes to Guatemala’s rich biodiversity and varied climates.

Guatemala is renowned for its profound Mayan heritage, visible in ancient ruins like Tikal, and a vibrant culture that blends indigenous and Spanish influences. The country's cultural tapestry is further enriched by its 22 indigenous languages, colorful textiles, lively music, and traditional festivals. Guatemala City, the capital, is the largest city and the economic, political, and cultural hub of the country.

Economically, Guatemala is the largest economy in Central America, characterized by significant agricultural, manufacturing, and services sectors. Agriculture remains a crucial part of the economy, with coffee, sugar, bananas, and vegetables being the primary exports. The manufacturing sector includes textiles, clothing, and food processing, notably benefiting from the country’s participation in the Central American Free Trade Agreement (CAFTA) with the United States. In recent years, the services sector, especially tourism, telecommunications, and call centers, has shown significant growth, attracting international investment and contributing to economic diversification.

Despite its economic strengths, Guatemala faces challenges such as income inequality, political instability, and vulnerability to natural disasters, which affect its economic progress. Efforts to improve infrastructure, education, and healthcare are ongoing to enhance the quality of life and ensure sustainable development. The country's rich cultural heritage and natural beauty, including iconic volcanic landscapes and historic Mayan sites, continue to make Guatemala a unique destination for tourists and a pivotal economy in the region.

Overview of Guatemala

Guatemala's taxation system encompasses a variety of taxes applied to individuals and businesses, designed to fund public services and governmental operations. The system includes income tax, which is levied on the earnings of individuals and corporate entities, value-added tax (VAT) on goods and services, and import duties that affect the cost of imported goods. Additionally, there are specific taxes on real estate and certain transactions, contributing to the country's revenue.

For businesses operating within Guatemala, understanding the nuances of the tax code is essential for compliance and strategic financial planning. The corporate tax structure takes into account the income generated within the country, with regulations in place to prevent tax evasion and promote transparency. Individuals are subject to a progressive income tax, with the obligation to declare and pay taxes based on their annual earnings.

The Guatemalan government has implemented various tax reforms over the years to improve tax collection efficiency and address challenges such as tax evasion and informality in the economy. These reforms aim to broaden the tax base, enhance compliance, and ensure a more equitable tax system. For those seeking to navigate the complexities of Guatemala's tax system, detailed information, including the latest tax tools and tables, can be found on our dedicated hub. Visit our tax tools and tables section for comprehensive resources tailored to assist with tax planning and compliance in Guatemala.