Guatemala - Customs and duties



Guatemala requires licenses for the importation of restricted goods, including pharmaceuticals, basic food grains, milk, coffee beans, and armaments. As a member of the CACM, Guatemala adheres to a common tariff classification system as well as a common customs code and regulations. Duties are stated as both specific and ad valorem. Import duties are generally minimal, ranging from 0–15%. Imports of agricultural products that exceed the quota have higher rates. Textile tariffs and shoe tariffs are scheduled to be reduced considerably by 2005. There is also a 10% value-added tax (VAT).

Also read article about Guatemala from Wikipedia

User Contributions:

Comment about this article, ask questions, or add new information about this topic: