US, El Salvador sign customs cooperation agreement
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
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El Salvador releases guide on preferential jurisdiction recognition
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,
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El Salvador releases tax havens lists for 2025
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
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El Salvador passes tax incentives for major real estate projects
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
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El Salvador publishes application guide for Tax Amnesty 2024
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
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El Salvador launches tax amnesty programme for debt relief
El Salvador's Ministry of Finance has introduced a new tax amnesty programme, enabling the settlement of outstanding tax and customs obligations without interest, surcharges, or fines. The 2024 Tax Amnesty aims to assist insolvent taxpayers in
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El Salvador, Peru resumes talks for FTA
Peru’s government announced that El Salvador and Peru will restart negotiations for a free trade agreement (FTA) on 22 August 2024. This decision follows a meeting between officials from both nations in El Salvador. Both countries aim to
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El Salvador to grant tax exemption for fintech, digital finance firms
El Salvador's Ministry of Economy has reportedly presented a draft bill to the Legislative Assembly, proposing new tax incentives for fintech and digital financial service companies. The bill, titled “Law for the Promotion of Fintech Entities
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El Salvador exempts foreign earnings from income tax
El Salvador’s Legislative Decree No. 969 – published on 14 March 2024 in the Official Gazette – broadens the scope of income exempted from income tax, as per Article 3 of the Income Tax Law, which effectively exempts all foreign-sourced
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El Salvador offers tax exemption for foreign investments and money transfers
On 13 March 2024, the Legislative Assembly of El Salvador announced that it passed reforms to the Income Tax Law. The reforms offer an income tax exemption on foreign investments in the country. In an X (formerly Twitter) post, President Nayib
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El Salvador notifies delinquent tax payment interest rates for 2024
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%
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El Salvador: Congress extends tax amnesty until December 2023
El Salvador’s Congress has passed a tax amnesty, which is open to taxpayers only until 31 December 2023 and permits regularizing monthly and/or annual obligations (including customs) arising until September 2023. Legislative Decree No. 875
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El Salvador: MoF extends tax amnesty up to 30 September 2023
The Ministry of Finance of El Salvador has introduced a new tax amnesty regime allowing taxpayers to settle their outstanding tax and customs obligations up to 30 September 2023. The El Salvador tax authorities will waive all incurring interest,
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El Salvador: Ministry of Finance releases tax havens list for 2024
On 29 September 2023, El Salvador's Ministry of Finance released a new General Guide on tax havens for the 2024 fiscal year. This guide lists jurisdictions and territories deemed as tax havens due to their low or zero-tax regimes. Payments
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El Salvador adopts law for the promotion of technological manufacturing and innovation
On 4 May 2023, El Salvador published the Decree No.722 which enacts the law for the promotion of technological manufacturing and innovation. On 19 April 2023, the Legislative Assembly approved this law which grants tax benefits to companies
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El Salvador: Parliament approves law for the promotion of technological manufacturing and innovation
On 19 April 2023, the Legislative Assembly approved a law for the Promotion of Technological Innovation and Manufacturing with 69 votes in favor. The new legal law offers tax benefits to individuals or organizations, both domestic and foreign,
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El Salvador: Ministry of Finance announces interest rate for late tax payments
On 1 February 2023, the El Salvador Ministry of Finance has released a notice on the applicable interest rates for late tax payments for the period from 1 February 2023 to 31 July 2023. This includes an annual interest rate of 6.35%, 60 days after
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El Salvador: MoF announces deadline to file withholding tax form
On 12 January 2023, the Ministry of Finance has published a press release informing to the withholding tax agents that annual income tax withholding form (F910) is available on its website from 17 January 2023 to 31 January 2023 for the tax year
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