Salvadoran Businessmen Oppose Higher Taxes

Private business leaders spoke out against the creation of new taxes and increasing income tax.

Thursday, February 10, 2011


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"The private sector struggles between uncertainty and anger, after a study by Eurasia ensures that the Salvadoran Government is expected to approve an increase to the ceiling of income tax, a new estate tribute and a security levy," Laprensagrafica.com reports.

At a press conference the National Association of Private Enterprise (ANEP), stated that before implementing new taxes the government could take action to reduce its spending and debt.

More on this topic

El Salvador: Changes Promised in Tax Reform Bill

May 2014

The government has agreed to modify the terms of the tax reform proposal to take into account criticisms made by the private sector.

Salvadoran private companies have outlined to officials the adverse effects that the country would face if the proposed new tax measures were applied, receiving signals of openness to a discussion from the Government, who for the first time since 2009 and 2010 has agreed to negotiate tax reforms with entrepreneurs.

El Salvador: Tax Reform to be Discussed with Companies

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The Government will create a commission to discuss the tax reform project with private enterprises.

Alex Segovia, Technical Secretary for the President, explained that this commission will analyze the proposal, in order to modify aspects that may could affect the country.

Salvadoran Tax Reform Now In Force

January 2010

The new tax rules came into effect today, after being published in the official government newspaper.

Changes include new taxes to alcoholic beverages, tobacco, energy drinks and fuels, in addition to new taxes when registering vehicles, boats and planes, either for personal or commercial usage.

El Salvador Businesses Oppose New Taxes

May 2014

The private sector is opposed to the conditions in the third reform package the outgoing government intends to implement, claiming that state expenditures should be reduced first.

More control of public spending and no new taxes are the demands from employers to the government, which aims to increase government revenues with a third reform and the issuance of $800 million in bonds.

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