What you should know about paying income tax in El Salvador
The past 17 April 2015 the Supreme Court of Justice of Salvador, I declare unconstitutional the payment of 1% income tax based on net assets. According to the resolution, the tax violates the principle of tax equity in its manifestation of economic capacity.
The article that was declared unconstitutional is the 77 and by connection also in a general way the articles were declared unconstitutional 76, 78, 79, 80 y 81 of the Constitution of the Republic. The Legislative Assembly and the Attorney General of the Republic also intervened in the process., Luis Martinez.
The Court clarified that those procedures that are in process and are related to the minimum payment of the tax will be resolved by the Tax Administration in accordance with the constitution.. Companies that have not yet declared income and that have taxable income greater than $150,000 will pay the 30% of the tax and those below that range will pay the 25%.
ICG – International Consulting Group provides advice and guidance for the payment of income tax returns in El Salvador before 30 April.
