Ministry of Finance will apply penalties to companies or banks that require NIT in any procedure
Written by Evelyn AlasThe minister of Finance Alejandro Zelaya, informed through his twitter account that any bank, company or entity that requires the presentation of the Número de Identificación Tributaria (NIT) to carry out procedures to individuals over 18 years old, will be sanctioned by the Ministry of Finance.
What is the problem with remittances? The average cost of a transfer is 6.3%.
Written by Evelyn AlasIn a conference given by the Managing director of the International Monetary Fund (IMF) Kristalina Georgieva, she pointed out that the current problem with remittances is that they have an average transfer cost of 6.3%.
CABEI seeks to promote opportunities for the region "European Union-Central America Dialogue Sessions”
Written by Evelyn AlasWith the objective of promoting partnership and dialogue on priority issues on the strategic partnership agenda between the European Union (EU) and Latin America and the Caribbean (LAC), the Central American Bank for Economic Integration (CABEI) participated in the "European Union - Central America: New Alliances for Development Dialogue Conference", held in Panama.
If anything positive has come out of the previous crises, it is learning about the importance of saving at home and becoming familiar with key financial terms that help to understand the fine print of a bank contract (floor clause, IRPH...). However, financial education is still a challenge for spanish. If we are not used to saving, comparing and understanding what we are signing, it will be difficult to pass this need on to our children.
Assembly analyzes opening savings accounts with 0 dollars
Written by Evelyn AlasNow it will be easier to open a savings account, said Congresswoman Aronette Mencia, with the possible reforms to the Law to Facilitate Financial Inclusion, salvadorans will be able to open their deposit accounts with ZERO amount.
El Salvador with low score in budget transparency
Written by Evelyn AlasAccording to the International Budget Partnership (IBP) survey, El Salvador falls in the world rankings of budget accountability and obtained a drop of five points, going from 46 in 2019 to 41 in 2021 on a scale from 0 to 100.
SSF and MINEC held meeting on the implementation of the electronic signature
Written by Evelyn AlasTogether with the Ministerio de Economía (MINEC), they held an informative meeting with representatives of financial institutions and associations to discuss the implementation of the Electronic Signature.
Ministry of Finance reminds salvadorans that the NIT has already been replaced by the DUI
Written by Evelyn AlasIf you have not verified if your Número de Identificación Tributaria (NIT) has been automatically replaced, the Ministry of Finance, through Dirección General de Impuestos Internos (DGII), reminds salvadoran individuals of legal age that they may do so as follows.
CABEI has a portfolio to support the country with infrastructure projects
Written by Evelyn AlasThe Central American Bank for Economic Integration (CABEI) informs that it has designated a portfolio of resources to accompany El Salvador in the development of its investment projects.