Income tax on rent, worked example, in Guatemala

October 11, 2018

Non-resident couple´s rental income1      
Monthly Rental Income2 1,500 6,000 12,000
Annual Rental Income 18,000 72,000 144,000
Less: Expenses3 25% 4,500 18,000 36,000
= Taxable Income 13,500 54,000 108,000
Income Tax4
Up to € 12,000 25% 3,375 13,500 27,000
Annual Income Tax Due 3,375 13,500 27,000
Tax Due as % of Gross Income 18.75% 18.75% 18.75%

DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on January 29, 2016.


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 US$ = 7.65 GTQ

3 Estimated values. Income-generating expenses are deductible when calculating taxable income. The deductions must be supported by corresponding legal documentation.

4 Rental income earned by nonresident individuals is taxed at a flat rate of 25%.



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