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 fine obligations – commonly referred to as Tax Amnesty.
This guide has been created under the Legislative Decree No. 086, which outlines several scenarios where insolvent taxpayers can settle their debts with the Treasury.
For a 90-day period, taxpayers with outstanding tax liabilities managed by the General Directorate of Internal Revenue and the General Directorate of Customs, as well as drivers facing fines for traffic violations, will have the opportunity to voluntarily regularise their situation without incurring the payment of interest, surcharges or fines accrued before 31 July 2024.
In addition, in this guide, taxpayers will find the payment methods, requirements to opt for payment in instalments, financial institutions authorised to make the payment, email addresses that have been enabled for inquiries and online payment, among others.
El Salvador’s Ministry of Finance had launched a new tax amnesty programme for 2024 on 2 September 2024, allowing taxpayers to settle outstanding tax and customs obligations without interest, surcharges, or fines.
