The following is some helpful information for those thinking of investing in property in Guatemala, and is quoted from the January First Real Estate Latin America. You can read the full article by clicking here: January First Real Estate Guatemala Tax Information.
The Guatemalan taxation system has historically been characterized by a low capacity to collect, partly due to a strong anti-fiscal culture arising from the lack of credibility of government institutions, an informal or underground economy and a low capability of the tax collection institutions.
Real Tax or Property Tax (impuesto unico sobre inmuebles)
This tax is collected by the local government (departments, municipalities) as an annual property tax applicable to all real estate in Guatemala. The property taxes are levied on the cadastral value of the property, as determined by the tax authorities.Real Tax
Value of Property, GQT / Tax Rate
Up to 2,000,000 / nil
2,000,000 – 20,000,000 / 0.20%
20,000,000 – 70,000,000 / 0.60%
Over 70,000,000 / 0.90%
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I have been notified that some of the information above is incorrect. Hopefully, with a little help from our new source, we will get the correct information posted ASAP.
Thank you.