Guatemala: All Pension Funds Will Deduct Taxes

©image: portal.sat.gob.gt

Before this decision only contributions to pension funds authorized by the Superintendence of Banks were deductible from income tax (ISR).

The ruling goes further and states that any mechanism for funding an individual´s pension plan may be deductible, "any mechanism for pensions and retirement which is individually funded will be fitted to deduct income tax", established the ruling.

Source: prensalibre.com

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