Tax Ratio in El Salvador

The 100 largest taxpayers registered with the Ministry of Finance paid tax equivalent to 2% of their annual gross income.

Tuesday, May 12, 2015

Representatives from the department stated that they will start investigating some companies this year who have reported losses or very low taxation, "... and for that reason, asked for a refund of income tax (ISR). If the investigations show any irregularity, we will monitor this type of business, said Minister Carlos Caceres to Elmundo.com.sv. "

"... The 100 largest taxpayers registered with the Ministry of Finance only pay to the Treasury the equivalent of 2% of their annual gross income in taxes, said Caceres ... " who detailed that" ... this group earns revenues of $11 billion but only pay taxes for $266 million. Up until 2014, the General Department of Internal Taxes (DGII) estimated that in El Salvador there were 482 large taxpayers. "



More on this topic

Newspapers in El Salvador to Pay Income Tax

May 2014

The Government is proposing amending the Press Law to tax the income of the companies that own printed newspapers, keeping tax exemptions on paper and ink.

Establishing a concept of fairness and justice between taxing employers and not censorship is, according to Finance Minister Carlos Cáceres, the purpose of the proposed new tax for the companies that own printed newspapers, which until now have been exempt from income tax (ISR).

Revenue Statistics in Central America

January 2014

Tax revenues in relation to GDP increased in the Central American countries with the exceptions of Guatemala, where it fell, and Costa Rica, where it did not change.

A report entitled "Tax Statistics" prepared by the Organization for Economic Cooperation and Development (OECD), analyzes the behavior of tax collection in Latin America.

Taxes Doubled on Mining Investments in Honduras

August 2013

The tax rate for domestic and foreign investors in mining has increased from 3% to 6%-7%

"Between six and seven percent was the amount finally passed in Congress, at the time of the approval MPs in the National Congress were determined to raise the tax rate, resulting in companies paying even more now than specified in the original project ," said the chief of the Department of Natural Resources and Environment (Serna), Rigoberto Cuellar.

Salvadoran Government Without funds for Income Tax Returns

August 2012

The head of the ministry of Finance confirmed that there are still more than $30 million worth of outstanding income tax returns for the fiscal year 2011.

Carlos Caceres, the Finance Minister said that it is expected that this month refunds of amounts less than $500 will be made, which amounts to around $15 million.

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