- El Salvador’s Ministry of Finance has launched a new tax amnesty programme
- The programme allows for settlement of outstanding tax and customs obligations without interest, surcharges, or fines
- Aimed at assisting insolvent taxpayers in settling their obligations
- Taxpayers have 90 days to clear their debts or can opt for a payment plan of up to nine instalments
- Salvadorans facing fines under certain laws will benefit from the removal of surcharges
- Amnesty covers tax returns or merchandise registered before 31 July 2024
- Approved on 2 September 2024 and will come into effect upon publication in the Official Gazette
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.
