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GT Tax 2023

Guatemala Tax Tables 2023 - Tax Rates and Thresholds in Guatemala

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This page contains the tax table information used for the calculation of tax and payroll deductions in Guatemala in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ GT, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Guatemala or would like to add to or suggest amendments to the information herein then please contact us.

Guatemala Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Guatemala are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Guatemala Tax Calculator 2023.

Guatemala Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
5%Income from Q 0.000.00to Q 300,000.00
7%Income from Q 300,000.01 and above
Guatemala Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
5%Income from Q 0.000.00to Q 300,000.00
7%Income from Q 300,000.01 and above

In Guatemala, social security deductions made by employees from their gross salaries are considered deductible for the purpose of calculating taxable income. This means that the contributions towards social security are subtracted from the gross income before determining the amount of income tax owed by an individual. This practice reduces the taxable income base, potentially lowering the overall income tax liability for employees, thereby integrating the social security contributions into the broader fiscal framework of individual financial obligations.

Guatemala Social Security and Payroll Deduction Rates in 2023

In Guatemala, the social security system is designed to provide a range of benefits to employees, funded through deductions from both employees' salaries and employers' contributions. This comprehensive system covers healthcare, pension benefits, and risks related to workplace injuries, ensuring a safety net for the workforce and their families.

Guatemala Social Security in 2023: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Social Security4.83%10.67%15.5%
Workers Recreational Institute (IRTRA)0%1%1%
Professional Training Institute (INTECAP)0%1%1%
Guatemala Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Social Securityn/an/an/an/a
Workers Recreational Institute (IRTRA)n/an/an/an/a
Professional Training Institute (INTECAP)n/an/an/an/a

Guatemala VAT Rates in 2023

VAT rates for Guatemala are reviewed annually, you can use the VAT Calculator to calculate VAT due in Guatemala or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Guatemala VAT Rates
VAT RateVAT Description
12%Standard Rate

Historic Tax Tables supported for Guatemala

The following tax tables are supported by iCalculator™ GT as part of the suite of free tax tools we provide for Guatemala.