# Guatemala, El Salvador and Panama

> Country defaults for Spanish-speaking markets — IVA in Guatemala and El Salvador, ITBMS in Panama — with the interface and documents in Spanish.

Canonical: https://docs.getonebooks.com/tax/latin-america/
Language: en
Documentation index: https://docs.getonebooks.com/llms.txt

Applies to businesses whose country is **Guatemala**, **El Salvador** or **Panama**. Switch the interface to **Español** from the header; documents can be printed in Spanish too.

## Defaults by country

| Country | Currency | Tax | Default rate |
|---|---|---|---|
| Guatemala | GTQ (Q) | IVA | 12% |
| El Salvador | USD ($) | IVA | 13% |
| Panama | PAB (B/.) | ITBMS | 7% |

All three use tax-exclusive pricing by default.

![Company settings for a Guatemalan business in the Spanish interface](https://docs.getonebooks.com/screenshots/en/tax-gt-settings.webp)

## Daily work

- Enter your NIT (or the local tax registration number) in **Settings → Business Profile → Tax ID** and your customers' numbers in their tax ID field — they print on the documents.
- Use a **0%** rate for exempt supplies so they remain on the tax report.

![A Guatemalan invoice with IVA at 12%, shown in Spanish](https://docs.getonebooks.com/screenshots/en/tax-gt-invoice.webp)

## Reporting

**Reports → Tax Report** totals tax collected and tax paid for the period for your monthly filing. See [Tax report and tax summary](https://docs.getonebooks.com/reports/tax-reports/).

## Related

  - [Tax settings](https://docs.getonebooks.com/tax/settings/)
  - [Preferences, language and appearance](https://docs.getonebooks.com/settings/preferences/)