Honduras: Income Tax Increase In Effect

With the publication in the official daily newspaper, a 1% increase on income tax (ISR) comes into force.

Thursday, June 2, 2011

The amendment to the income tax law adopted by Congress applies only to companies with revenues in excess of $529 thousand (10 million lempiras). The increase will be applicable for the fiscal year beginning in 2011.

"According to the Executive Directorate of Revenue (DEI), the amendment adds 1% to the gross revenue for the tax period and corresponds to physical and legal persons who declare losses for two, three, four and up to 10 years without paying any tax" , noted an article in Elheraldo.hn

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