Press Room

July 18, 2018

From Guatemala: New Law on Factoring and Discount Contracts in Guatemala Shows Benefits for Small and Medium Companies

Mario Salazar - Andersen Tax in Guatemala, a member firm of Andersen Global

On January 17, 2018, the Government of Guatemala launched the Law on Factoring and Discount Contracts which gives access to small and medium companies to financial liquidity.

This new regulation establishes the rights and obligations for the discounter entities as well as for those who will be using such financial instruments. It also embraces the factoring terms and scope of work for several industries and financial services providers.