Tax Amnesty in El Salvador

The Treasury Department is considering a one-time-only tax amnesty extension.

Monday, June 15, 2009

Treasury Minister Carlos Cáceres noted that, as the new terms expire, an efficient system of applying fines on the interest of debtors will be implemented.

Laprensagrafica.com published statements by Minister Cáceres: "... A restructuring of the Tax Code is being requested so that a more appropriate collection period can be established."

More on this topic

Tax Regularization in Panama

September 2013

The National Revenue Authority plans to raise $400 million from taxpayers who will be allowed to regularize their tax status under the Tax Adjustment Act.

Prensa.com reports that "In addition to the so-called regularization or tax amnesty, the law establishes a moratorium for taxpayers who are delinquent in any taxes administered by the Anip.

Honduras Could Declare Tax Amnesty

February 2010

The Executive, Congress and delegates from the private enterprise are analyzing a possible tax amnesty.

They are also considering various initiatives to make the country climb out of the economic crisis.

Congressman Toribio Aguilera explained that this tax amnesty would benefit “those taxpayers who have been unable to pay due to the crisis, and now accumulate too many fines and charges”.

Tax Amnesty Proposed in Panama

July 2009

The law proposal allows debt covenants of up to six months to pay taxes owed.

Tax debtors choosing to use this plan will have to pay at least 30% of their total tax debt.

From the La Estrella website: "The law proposal is presented by the Economy and Finance Minister, Alberto Vallarino ... it aims to reduce late payments, which now stand at $1.1 billion."

El Salvador tax amnesty expected to yield $25 million

June 2008

In an effort to increase tax collections, El Salvador's Finance Department has offered tax amnesty to past evaders in hopes that they will pay up in the future. The government hopes to collect an additional 25 million dollars with this strategy.

Finance Minister William Handal said the measure will be published in the Official Gazette this week and will take effect at once.

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