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
See More
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%
See More
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
See More
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,
See More
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
See More
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
See More
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,
See More
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
See More
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
See More
El Salvador: Legislative Assembly adopts tax amnesty program
On 24 August 2022, the Legislative Assembly of El Salvador approved tax amnesty program that allows taxpayers voluntarily come forward, accurately declare their income and pay any undeclared or underreported taxes. The El Salvador tax authorities
See MoreEl Salvador: Ministry of Finance declares the interest rate for late tax payment
On 3 May 2022, the Ministry of Finance has published a notice announcing the interest rate for tax payments during the period 1 February to 31 July 2022. Accordingly. the average interest rate is 6.43% per year which will be increased to 10.43%
See MoreEl Salvador: Legislative Assembly approves tax amnesty until 10 December
On 5 October 2021, at the request of the Ministry of Finance, the Legislative Assembly approved Legislative Decree 173 known as Tax Amnesty. The decree aims to give taxpayers 60 days to settle their situation before the Treasury, with exemption
See MoreEl Salvador: Ministry of Finance publishes interest rates for late tax payment
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%
See MoreEl Salvador: Ministry of Finance publishes tax haven list for 2021
On 14 September 2020, the Ministry of Finance has released General Guide DG-02/2020 including the list of jurisdictions and territories that are considered tax havens for tax purposes for the 2021 fiscal year. The list includes the low and no tax
See MoreEl Salvador provides additional time for filing and payment of 2019 AITR
On 14 May 2020, the legislative assembly passed Legislative Decree No. 643 which provides additional relief to taxpayers in light of the ongoing coronavirus (COVID-19) situation. The relief includes additional time to 30 June 2020 for taxpayers
See MoreEl Salvador publishes tax relief measures in response to COVID-19 pandemic
The government of El Salvador approved a number of special and temporary tax and other tax and other laws between 14 March and 21 March 2020 as part of the measures in response to the Coronavirus (COVID-19) pandemic. The measures include an
See MoreEl Salvador: DGII updates transfer pricing information return and guidelines
On 1 October 2018, the Tax Authority (General Office of Internal Revenue ) updated the new version of the “Report on Operations with Related Parties (Form F-982v4),” whose method of filing is now changed from manual filing to online filing and
See MoreEl Salvador: Supreme Court declares various Legislative Decrees regarding tax reforms
The Constitutional Chamber of the Supreme Court of Justice in El Salvador has declared unconstitutional Legislative Decree Nos. 762, 763 and 764 (together, the Legislative Decrees), through which El Salvador reformed its Income Tax Law and Tax Code
See More