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Hiring guidelines in Guatemala
- Pay & taxes
- Leave policy
- Termination
- Time-off
- Additional info
Pay & taxes
Leave policy
Termination
Time-off
Additional info
Minimum Wage Requirements
The minimum wage is GTQ 2959.24 per month.
Individual Income Tax
The individual income tax ranges from 5% to 7%. Income tax is calculated according to progressive rates.
Payroll Cost
The employer cost is generally estimated at 29.3% of the employee's salary.
- Social Security (IGSS): 10.67%
- Workers Recreational Institute (IRTRA): 1%
- Professional Training Institute (INTECAP): 1%
- 13th Bonus: 8.33%
- Christmas bonus: 8.33%
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One-off administrative registration costs: USD 45
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One-off Mandatory Wet Ink Employment Agreement Handling Fee - 80 USD
Overtime Pay & Maximum Hours
Standard working hours are 8 hours per day, 40 hours per week. The standard work week is from Monday to Friday. However, it is also common practice for employees to have a working week of 44 hours.
Overtime payment is mandatory and may be included in the salary. Hours outside of standard work hours are considered overtime. Employees can work a maximum of 4 hours of overtime a day. For additional hours, employees are paid:
- 150% of the hourly rate
- 200% of the hourly rate for work on official holidays, annual leaves, or regular leaves and an additional day of leave