El Salvador Would Increase Taxes to Cigars and Beverages
Within the tax reform, the Government is considering increasing taxes to alcoholic beverages and cigars.
Wednesday, September 2, 2009
This was communicated by Carlos Cáceres, Treasury Minister, who added that "...we are doing a review and will make a fair proposal, considering tax needs...".
The Executive is considering increasing taxes on cigarettes and alcoholic beverages as an option for balancing the 2015 budget.
In order to finance the pension increases a new law will increases taxes on gambling and winnings from those games, and on non-metallic mining, and drinks and products derived from tobacco.
One of the modifications to be introduced by the fiscal reform is a new tax when registering a vehicle.
The government has sent the Assembly a proposal to reform the liquor duties levied on beers, wines and spirits that were approved in December 2009.
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