To link to this article, copy this persistent link:
http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l20540589_text

(Jun 02, 2008) On April 30, 2008, the Guatemalan Congress approved a reform to the Organic Law on Tax Free Zones, Zona de Libre Industria y Comercio Santo Tomás de Castilla (Zolic) that will permit the creation of new, special economic zones to attract investments and generate jobs in regions that need them. These regions include zones with economic indicators showing extreme poverty and zones that are strategically attractive to foreign companies, such as the area on the border with Mexico. Companies that establish their operations there will be exempt from income tax, value-added tax, and stamp tax for ten years. The reform also aims to stimulate investments through non-fiscal incentives, such as land and services. (Ana Lucía Blas, Congreso Aprueba Reformas a Zolic, PRENSA LIBRE, May 1, 2008.)

Author: Norma Gutierrez More by this author
Topic: Taxation More on this topic
Jurisdiction: Guatemala More about this jurisdiction

Search Legal News
Find legal news by topic, country, keyword, date, or author.

Global Legal Monitor RSS
Get the Global Legal Monitor delivered to your inbox. Sign up for RSS service.

The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national legal publications, and reliable press sources. You can find previous news by searching the GLM.

Last updated: 06/02/2008