- The Ministry of Finance of El Salvador has extended the tax amnesty regime until 30 September 2023.
- Taxpayers can settle their outstanding tax and customs obligations without incurring interest, surcharges, and fines.
- The amnesty covers all expired tax and customs obligations until 30 September 2023, including annual obligations up to the 2022 tax year and monthly obligations up to August 2023.
- Taxpayers can pay their outstanding tax obligations in full or spread it over a maximum of 9 monthly instalments, with the initial instalment being 10% of the due amount.
- To take advantage of the tax amnesty, taxpayers must submit their application by 8 December 2023.
- The tax amnesty program was approved by the Legislative Assembly of El Salvador on 24 August 2022, allowing taxpayers to pay undeclared or underreported taxes and declare their income without any fees, penalties, and interest.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
