The new Administration that took office in January 2012 introduced several laws to update tax legislation in the country. The purpose was to modify and update the Guatemalan tax system, under the following arguments:
In addition to being the largest economy in Central America,
Guatemala has a legal system that is slightly more sophisticated than
those of some of its neighbours. The market is still fairly small, but
not altogether rigid....
CONTEXT AND TRENDS
Money isn't pouring into Guatemala, but it is certainly there. Many of the economic factors that affect the rest of Central America have affected Guatemala over the last few years....