On 29 January 2021, the El Salvador’s Ministry of Finance has issued a notice regarding interest rates for late tax payments during the period 1 February to 31 July 2021. This includes an annual interest rate of 6.77%, which is increased to 10.77% after 60 days following the expiration of the due date for the tax obligation.
Related Posts
El Salvador’s Ministry of Finance has launched the "Inspectores Fiscales Sin Fronteras" programme to improve tax auditing and criminal investigations, focusing on Transfer Pricing and Tax Crime Investigation. The initiative aims to strengthen
Read More
The US signed a Customs Mutual Assistance Agreement (CMAA) with El Salvador on 8 October 2024. The CMAA aims to strengthen border security and trade facilitation between the two countries. CMAAs are bilateral agreements between the United
Read More El Salvador’s tax administration issued a guidance aimed at assisting taxpayers in identifying jurisdictions that offer preferential tax regimes with minimal or no taxation, ensuring the correct application of El Salvador’s taxation provisions,
Read More El Salvador's Ministry of Finance released the updated General Guide on preferential tax regimes (tax havens) on 27 September 2024, detailing jurisdictions and territories considered tax havens for the 2025 fiscal year, including low and no-tax
Read More El Salvador’s Congress (Legislative Assembly of El Salvador) approved a decree titled “Special Provisions for the Promotion and Granting of Tax Incentives to Foster the Development of High-Rise Real Estate Projects” on 23 September
Read More
El Salvador’s General Directorate of Internal Taxes at the Ministry of Finance has released a guidance to assist taxpayers in navigating the Special and Transitory Law that provides options for the voluntary settlement of tax, customs, and other
Read More
