Guatemala: Income and profits taxes

* indicates monthly or quarterly data series
 Guatemala

Income, profits, and capital gains taxes: percent of revenue

 Latest value 32.89
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 26.32
 Min - Max 14.70 - 33.48
 Source The World Bank
The latest value from 2022 is 32.89 percent, a decline from 33.48 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for Guatemala from 1990 to 2022 is 26.32 percent. The minimum value, 14.7 percent, was reached in 1994 while the maximum of 33.48 percent was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Guatemala - Income and profits taxes - Recent values chart

Historical series
Guatemala - Income and profits taxes - historical chart - 1990-2022




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 11.58 2023 percent
 Government spending, in dollars 11.82 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -1.25 2023 percent
 Government debt 25.83 2023 percent
 Government expenditure 21.63 Q2/2024 billion
 Tax revenue 11.90 2022 percent
 Commercial tax rate 35.20 2019 percent
 Tax preparation time 248 2019 hours
 Number of taxes 8 2019 taxes
 Taxes on goods and services 53.62 2022 percent
 Taxes on international trade 4.40 2022 percent
 Income and profits taxes 32.89 2022 percent
 Foreign aid 437.75 2022 million U.S. dollars
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