, What is the Tax Amnesty in El Salvador about?

What is the Tax Amnesty in El Salvador about?

The Legislative Assembly of El Salvador approved the Special and Transitory Law that grants Facilities for the Voluntary Compliance of Tax and Customs Obligations. By means of this law, taxpayers may pay the original taxes or complementary taxes owed to the Ministry of Finance, without having to pay interest, surcharges or fines on the same tax periods and fiscal years.

Francisco Murillo, associate lawyer of CENTRAL LAW in El Salvador, emphasizes that taxpayers should be aware that the law is transitory and there is time until December 8, 2023 to catch up, without fines or surcharges, with the payment of taxes and customs obligations.

For more information, please contact us at info@central-law.com.

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