Agriculture, in the heart of Guatemala, is intertwined with the country’s history, traditions and economic aspirations. Over the centuries, from ancient Mayan civilizations to modern farmers, Guatemalan lands have witnessed crops that have fed and clothed generations. This sector has not only sustained the national economy by being a primary source of exports, but has…
Category Archives: Blog
Analysis, Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, Nicaragua
Central American Holidays 2024 guide is now available
10
Jan
Jan
At BLP, we understand the importance of efficient planning for Human Resources managers. That is why we present to you our valuable guide to work holidays designed specifically for each country in Central America. With our guide, you will gain access to detailed information on holidays in the region, giving you a clear view of…
22
Dec
Dec
On December 8, 2023, Executive Decree No. 44276-H was published, whereby the income tax brackets that will apply during the 2024 tax period were updated, as detailed below: Salary tax Gross Salary From To Rate $ 0.00 ₡929.000,00 ($ 1,764.00 Aprox.) 0% ₡929.000,00 ($ 1,764.00 Approx.) ₡1.363.000,00 ($ 2,588.00 Aprox.) 10% ₡1.363.000,00 ($ 2,588.00 Approx.)…
20
Dec
Dec
https://blplegal.com/blp-web-2021/wp-content/uploads/2023/12/Newflash-Asuetos-2024-Costa-Rica_FB-TW-LK-IG-WT-ENG-1.jpg
20
Dec
Dec
Guatemalan Government published Agreement No. 307-2023, in Diario de Centroamérica on December 19, 2023, making official the minimum wages by sector to take effect on January 1, 2024. 1. Department of Guatemala (Economic District 1) Employment sector Day shift Mixed shift Night shift Daily pay Monthly pay Incentive pay Monthly total Agricultural Q.13.39 Q.15.30 Q.17.85…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
Water: The Urgency of Establishing an Effective Regulatory Framework
19
Dec
Dec
Water, essential for human existence, agriculture, and industry, has always been a natural resource of an incalculable value. In the Guatemalan context, although there are indeed legal provisions for the protection and management of water, we face significant challenges in their implementation and adaptation. First, we observe a lack of consistent and consistent application of…
Analysis, Blog, Free Trade Zones, Guatemala
Eliminate Free Trade Zones: A Legal and Economic Mistake?
11
Dec
Dec
For a long time, economic policies have had to find a balance between the immediate needs of the State and the long-term development of the nation. In that regard, free trade zones (FTZs) have emerged as a strategic solution in many countries. For decades, these zones have been the basis of multiple economic and legal…
05
Dec
Dec
The Directorate of Consumer Attention and Assistance (DIACO), a dependency of the Ministry of Economy of the Republic of Guatemala, is the authority in charge of any administrative sanctions derived from the dissatisfaction of consumers of products or services through administrative complaints. The Consumer and User Protection Law (CUPL) and its respective regulations establish a…
Analysis, Blog, Business Law, Guatemala
The reality of adjustments for wage discrepancies determined by the IGSS
04
Dec
Dec
It is well known that, as part of the exercise of its functions established in article 50 of its Organic Law, the IGSS, through employer auditors, has conducted reviews of the accounting records of the employers, under the presumption that the employer incorrectly reported the salaries earned by its employees. With these accounting reviews, even…
Analysis, Blog, Business Law, Guatemala
How to Protect Company Real Estate Ownership Rights in Guatemala
28
Nov
Nov
The business environment offers a wide range of opportunities and benefits. However, it also presents risks, especially for real estate holdings. Despite the many associated benefits of owning real estate, companies may find that their properties are targets for fraud and scams. The business environment offers a wide range of opportunities and benefits. However, it…