Question 1

What is ISR in Guatemala?

Accepted Answer

ISR (Impuesto Sobre la Renta) is Guatemala's income tax that applies to individuals and legal entities, regulated by Decree 10-2012.

Question 2

What's the difference between the simplified and profits regime?

Accepted Answer

The simplified regime taxes gross monthly income (5% up to Q30,000 and 7% on excess). The profits regime allows expense deductions with annual brackets at Q300,000.

Question 3

What is the personal deduction?

Accepted Answer

Under the profits regime, the annual personal deduction is Q48,000 (equivalent to Q4,000/month).

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