Displaying items by tag: Ministry of Finance

The Ministry of Finance through the Dirección General de Impuestos Internos (DGII) has gone to different businesses to ensure the issuance of invoices and tax documents, in order to prevent abuses to the population on Valentine's Day.

Published in Finances

The General Director of Investment and Public Credit of the Ministry of Finance of El Salvador, Marlon Herrera and the deputy director of Budget, Michelle Arce, appeared before the Finance Committee of the Legislative Assembly, to request loans from the Development Bank of Latin America and the Caribbean.

Published in Finances
Monday, 29 January 2024 03:16

What is electronic invoicing?

The simplest description of what is meant by electronic invoicing is given by its own name: It is an invoice that exists electronically and that fulfills, in all situations and before all actors, the same purposes as a paper invoice, both for issuers and receivers, as well as for interested third parties.

Published in Finances

The Ministry of Finance has informed that individuals or legal entities, estates or trusts that withhold income tax are obliged to submit the "Annual Income Tax Withholding Report (F-910)", which contains the details of the individuals or legal entities to which withholdings have been made in the fiscal year 2023, according to the provisions of article 123 of the Tax Code.

Published in Finances

El Salvador achieved its highest tax collection at the end of 2023 with a total of US$7,122 million, according to data from the Ministry of Finance. This result surpasses the US$6 billion 571 million in tax revenues of the previous year.

Published in Economy

The transitory law initiative seeks to increase the purchasing power of salvadorans during this Christmas and year-end season.

Published in Finances

The Asociación Bancaria Salvadoreña (ABANSA) presented last thursday, august 24, to the Ministerio de Hacienda a proposal to reschedule short term debt, transferring it to medium and long term debt with maturities of 2, 3, 5 and 7 years.

 

Published in Breaking News

The Treasury Committee voted in favor of subscribing a US$75 million loan agreement with the Development Bank of Latin America (CAF) for the Program for the Transformation of El Salvador's Business Climate through Trade and Investment Facilitation.

Published in Economy

The Ministry of Finance reported that the Income Tax (ISR) generated US$1,553 million up to may of this year. Compared to the same period of 2022, this is a positive variation that maintains the trend that has been in place since previous months.

Published in Finances

With the purpose of boosting agricultural production and guaranteeing food security, with 76 votes, the deputies authorized the Ministry of Finance to transfer US$38.496 million to the Ministry of Agriculture for the purchase and distribution of more than half a million agricultural packages.

Published in Economy
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