A. M. 
Courtesy
El Salvador’s Ministry of Finance reported a significant increase in tax revenues during 2024, reaching a total of US$7,648.6 million. This figure represents an increase of US$503.9 million with respect to 2023, when US$7,144.7 million was collected, which is equivalent to a 7.1% growth. This result reflects the government’s efforts to implement effective strategies to strengthen tax collection.
Among the main taxes that drove this increase is Income Tax (ISR), which contributed US$3,102.8 million in 2024. This amount represents an increase of 7.8% compared to revenues obtained in 2023. The Value Added Tax (VAT) recorded a collection of US$3,501.0 million, with a significant growth of 10.2% compared to the previous year, when US$3,176.2 million was collected.
The success in tax collection is largely attributed to the measures implemented by the Ministry of Finance, such as the anti-tax evasion plan and the tax amnesty. These actions not only improved compliance with tax obligations, but also made it possible to recover revenues that were previously not reported to the State.
In addition, the Ministry of Finance pointed out that the increases in tax collection reflect a more dynamic economy and a better control of financial operations within the country. This has made it possible to allocate more resources to social and infrastructure projects, strengthening national development.
With these results, the Salvadoran government reaffirms its commitment to fiscal transparency and the strengthening of public finances, key elements to guarantee sustainable economic growth and the well-being of the population. The implementation of responsible fiscal policies will continue to be a priority for the coming year.
