Displaying items by tag: taxes

In the last report of the Ministerio de Hacienda (MH) until march 2024, it was announced that El Salvador collected a total of US$1,798.4 million, which reflects an increase of 10.5% over the same period of 2023 when US$1,627.8 million was registered, which means that currently US$170.6 million more has been collected.

There are several ways to save while paying taxes, such as taking advantage of tax deductions and credits, strategically planning investments and charitable donations, and using savings accounts and retirement plans that offer tax benefits.

In support of the Diaspora, as of the end of november 2023, the Legislative Assembly approved benefits for household goods for all salvadorans who are abroad and wish to return to the country.

Not everyone gets financial advice in their 20s, and this can lead to a chaotic 30s with debt, and plenty of questions about taxes and investments.

El Salvador is known for its creative entrepreneurs and world-renowned talent in the services sector. To reinforce his commitment to innovation in the country, President Nayib Bukele announced a set of incentives for investments in the technology sector.

The deputies of the Treasury Commission endorsed three rulings that seek to bring benefits to the general population. The first of them is related to the special, transitory and complementary provisions for the Viaduct Construction and Road Expansion of Los Chorros Section, between the Monseñor Romero highway and the municipalities of Santa Tecla, Colón and San Juan Opico, located in the department of La Libertad.

Approximately US$40 million in taxes could be collected by the Ministry of Finance through the proposed Special Transitory Law for the Voluntary Compliance of Tax and Customs Obligations, in which the deputies of the Treasury and Special Budget Committee issued a favorable opinion.

The minister of Finance, Alejandro Zelaya arrived at the Fiscalía General de la República (FGR) to present a new notice for alleged simulation of operations and a complaint for tax evasion of the Dirección General de Aduanas (DGA) and material falsehood with a total amount of US$16.8 million.

Through the notices presented by the Minister of Finance, Alejandro Zelaya, on Thursday of Evaders, three representatives of companies and a businesswoman were accused by the Fiscalía General de la República (FGR) for four cases of evasion related to Income Tax and Value Added Tax (VAT).

The Minister of Finance, Alejandro Zelaya, said in a press conference that the institution will monitor to evaluate a possible extension of the three-month suspension of the measures announced by the Central Government.