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...".

Speaking on the topic, the president of brewer "La Constancia" (ILC) said that: "... the industry is expectant for the tax rate for the beer and liquor industry, and any fiscal changes implemented by the Government...".

More on this topic

El Salvador: Imported Beer Market is Growing

June 2017

In the last ten years beer imports have doubled, going from $5.2 million in 2006 to $10.6 million last year.

The origin of imported beers has also diversified in the last ten years, since the vast majority of beers were imported from Guatemala in 2006, whereas now beers from Mexico, Germany, Belgium and the Netherlands are imported and distributed in El Salvador.

Panama Increases Pensions by Raising Taxes

April 2015

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.

From a statement issued by the National Assembly:

The full National Assembly approved on its third reading, Bill 197, which establishes the legal framework to strengthen, preserve and sustain the finances of the Fund for Disability, Old Age and Death of the Social Security Department (CSS), allowing for pension increases.

Guatemala: More Taxes on Liquor and Cigarettes

January 2015

The Executive is considering increasing taxes on cigarettes and alcoholic beverages as an option for balancing the 2015 budget.

With the provisional suspension of the tax on telephone lines the Guatemalan government is left with a deficit $237 million, approximately, which is why it is looking at bridging the gap using new taxes on liquor and cigarettes, as the main alternative.

New Vehicle Tax in El Salvador

September 2009

One of the modifications to be introduced by the fiscal reform is a new tax when registering a vehicle.

The reform package includes 4 types of measures: tax, non-tax, adjustments in expenditure and complementary measures. With this new vehicle tax, authorities expect to collect $20 million a year.

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