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CXC Latin America

Guatemala

Guatemala – is located in Central America with three main regions; the cool highlands with heaviest population, the tropical jungle in the northern lowlands, and the tropical area along the Pacific and the Caribbean coasts. The country is known for its rich culture influenced by the Spanish and Indigenous tribes. Guatemala City is the capital city and industrial hub of the country. The city is recognized as a people-friendly area.

This developing nation faces many social problems and is one of the poorest countries in Central America. Nevertheless, Guatemala is one of the main economies in this region with coffee, bananas, and sugar being the traditional agricultural products. Additionally tourism and export of textile, apparel, and cut flowers have boomed over the past several years.

Contracting in Latin America is not a simple task and has many on-costs for employers. Most in country tax laws do not recognise contractors per se, hence contract workers may need to be remunerated as employees, taxes withheld and paid to various city, state and federal governments, and reserve funds held for other entitlements until end of contract. Please contact CXC Global for professional advice on the specific legislation applying in the country in order to facilitate contractors and foreign nationals working in Guatemala. Forward planning is of the essence to optimize costs. Guatemala has entered into Double Taxation Treaties with other countries.

For foreign national contract workers, contracting in Guatemala, it would be wise to consult with CXC Global on the best way to structure, and how best to balance your taxation.

With our extensive experience and expertise in contractor management, and assisting organisations with their contingent workforce, CXC Global has the resources and solutions to manage the administration process associated with contracting in Guatemala, facilitating accounting services and administration, local tax calculations, social security registration, tax balancing and preparation of personal income tax return at the end of the tax year.

The services provided by our local office in the country include
  • Accounting services
  • Monthly payroll calculations and regulatory obligations
  • Legal benefits including social security, and other benefits such as paid public holidays, vacation, 13 salary, etc.
  • Work visa sponsorship
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