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

Amazing what a Good Tax Advisor Can Achieve

November 2015

On average in Costa Rica more than one in five companies classified as Large Taxpayers do not pay taxes.

EDITORIAL COMMENT:
When the Tax Department does not fully complete its duties, competition between companies is settled not by the quality of products or services, or for the excellence of its managerial staff and their strategic direction, but for the ability of their tax advisors to reduce the amount of taxes paid.

El Salvador: Online Income Tax Statement

March 2015

It has been announced that starting May companies will be obliged to declare their income for tax and VAT purposes in digital form.

Long lines to file tax returns presented by hand will go down in history, as from May all tax procedures currently carried out in the Ministry of Finance in person will be undertaken online, obligatorily. The website to be used is www.mh.gob.sv.

Tax Payments Online in El Salvador

December 2013

The Salvadoran Ministry of Finance has announced a new service for making tax payments through its web platform.

From a press release from the Ministry of Finance of El Salvador:

The Ministry of Finance, with the support of the Spanish Agency of International Cooperation for Development (AECID), reports that as of December 1, 2013 the new online service at www.mh.gob.

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.

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