The Ministerio de Hacienda reminds people that as a physical consumer it is essential to be aware of all invoices when making purchases to avoid inconveniences. This will allow you to have a better control over your income and expenses, and most importantly, to make your annual tax return correctly.

The Fondo de Conservación Vial (FOVIAL), invested US$224.97 million in highway and rural road rehabilitation projects, generating sources of employment and guaranteeing connectivity for salvadorans.

The Superintendencia del Sistema Financiero (SSF) warns that anyone who makes use of any financial product can become a victim of financial fraud, either through cloning of debit or credit cards, theft or loss of checkbooks, assaults at the exit of banking establishments or by making investments in disreputable institutions that offer high rates for savings or investments.

Monday, 26 December 2022 02:08

Tips to avoid getting into debt at Christmas

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1-Develop a budget

Ahead of the celebration, it is advisable to be austere. The main advice at the time of buying is to quote and compare at least three alternatives.

The Treasury and Special Budget Commission issued two opinions in favor of the Executive Branch subscribing a loan with the Central American Bank for Economic Integration (CABEI) and the Corporación Andina de Fomento (CAF).

The Ministerio de Obras Públicas (MOP), is moving forward with the mega-project to widen the Panamerican Highway from Las Delicias, in Santa Tecla, to San Juan Opico and the construction of the Francisco Morazán viaduct, the modern overpass that will reduce costs and travel times to the west of the country.

The Ad Hoc Commission issued favorable opinions to the Law for the creation of the del Instituto Salvadoreño de Pensiones (ISP) and the Special Law for the Issuance of Pension Obligations Certificates and Dissolution of the Fideicomiso de Obligaciones Previsionales (FOP).

The Anti-evasion Plan is the main strategy oriented to improve the revenue level in a progressive manner, where each taxpayer fulfills its responsibility according to the law and its capabilities.

The Ministry of Finance launched the Electronic Invoicing System, a tool that will facilitate the payment of tax obligations to taxpayers and a better control over tax evasion through digital technology, putting El Salvador at the forefront of efforts in the region to modernize tax systems.