Tax Benefits for Companies in Special Zones

The regulation for Special Public Economic Development Zones, which came into effect on 4 February 2019, establishes fiscal incentives for companies operating under this scheme. Among the tax benefits provided by the Law are the full exemption for 10 years of income tax, as well as the temporary suspension of taxes associated with imports. Companies that may be eligible under this format are those engaged in production, manufacturing, transformation, assembly, marketing, distribution, storage, conservation, fractionating, repackaging, packaging, handling, classification, cleaning and any other operation of goods owned or imported and exported.

• Type:

  • Promotion and facilitation (Special economic zones)

• Industry:

  • Not industry specific

• Sources:

  • The Congress, Initiative that provides for approval of Amendments to Decree Number 71-2008 of the Congress of the Republic, Law of the Fund for Economic Development of the Nation, https://www.congreso.gob.gt/iniciativa-de-ley-detalle/?id=5537, 05 Feb 2019
  • Central America Data, Tax Benefits for Companies in Special Zones, https://en.centralamericadata.com/en/article/home/Tax_Benefits_for_Companies_in_Special_Zones, 08 Nov 2018