El Salvador’s Ministry of Finance released a notice detailing the applicable interest rates for delinquent tax payments from 1 February 2024 to 31 July 2024. The notice specified the annual interest rate of 7.53%, which has been raised to 11.53% if payment is delayed beyond 60 days from the tax deadline. In 2023, the late tax payment interest rate was 6.35%, which increased to 10.35% from 1 February 2023 to 31 July 2023.
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