Taxes Scheduled By The State

Taxes scheduled by the State

Introduction

The State must guarantee all the inhabitants of the country, life, freedom, justice, security, peace and integral development. To comply with this mandate, it is necessary to have resources that come, for the most part, of the taxes paid by the population. A direct tax is a tax associated directly with a natural or legal person, and that is calculated and taxed on equity, or on its global income in a certain period of time (fiscal year). This tax is newspaper, that is, it is paid once a year or in installments.

Developing

Terrestrial vehicle circulation tax, this tax falls to their owners. Is regulated by the decree. The payment period is made from January 1 to July 31 of each year. Income Tax, it is the tax that falls on the income or profits obtained. regulated by the decree. It is generated every time profits are perceived in the national territory, as appropriate as the following:

• Lucrative activities
•  Labor income
•  Capital income

The Single Property Tax is known as Iusi, is collected by the State of Guatemala on the fiscal value that have goods such as land, constructions, buildings, structures, etc., Most of the proceeds are assigned to the municipalities, most already collects and manages, others through the Directorate of Cadastre and Appraisal of Real Estate of the Ministry of Finance. Is regulated by the decree. Payment is made quarterly or annually.

This tax has the main objective of contributing to the development of the inhabitants of each municipality. The collection of it is divided in two ways, the first, which corresponds to 70%, is intended for the municipality and is subsequently distributed in basic services and infrastructure works for the benefit of the people from the place. The second is given to the State and is used in administrative expenses of public operation.

Tax on inheritance, legacies and donations, it is the tax is taxed in income that is produced by the acceptance of an inheritance or a donation, that is, these are the fact that generates the tax either due to death or donation between the living and the The beneficiaries pay. Is regulated by the decree. The solidarity tax, the payment is made by individual or legal persons who carry out commercial or agricultural activities in the national territory.

That obtain a gross margin of more than four percent (4%) of their gross income. Is regulated by the decree. Payment is made quarterly. They tax the consumption of goods and services. They are called indirect because they are transferred in each link in the production chain (importer to products, from this to distributor and from this to the final consumer that will be the authentic taxpayer). Value Added Tax, is the tax that generates the most money for the State, 

It is paid by any person who buys a good or acquires a service. It is regulated by Decree 27-92. The VAT rate is 12% of the value of each product or service and is always included in the prices of everything we buy. Taxpayers registered in the general regime are obliged to report monthly VAT paid on their purchases and VAT charged in their sales. Crude oil distribution tax and oil -derived fuels, 

This arises at the time of crude oil and fuels office. The proceeds is assigned to the municipalities, for the transport service, improve and build the road infrastructure, both urban and rural. Is regulated by the decree. Tax on the distribution of distilled alcoholic beverages, beers and other fermented drinks, drinks that pay this tax are beers and other fermented cereal drinks, 

Wines, sparkling wines, wines, vermouth and cider, distilled alcoholic beverages, mixed alcoholic beverages, the rest of fermented drinks. Is regulated by the decree. Tobacco tax and its products, governs everything related to planting, cultivation, transit, manufacturing, trade, consumption, import and export of tobacco and its products, in addition to setting a tax for machine -manufactured cigarettes, national and imported, as well as pure and mixtures. 

conclusion

The amount of the tax collected is used to finance the health sector budget. It is regulated by Decree 61-77. The manufacturers and importers, cement distribution tax, cement distribution in the national territory, must be paid by manufacturers and importers of this product, are generated at the time of the product output of the wineries of the wineries of storage of manufacturers or by entering the country. Is regulated by the decree.