- Tax and customs amnesty available in El Salvador until 1 December 2024
- Law offers waiver of fines and interest for tax returns filed before 31 July 2024
- Taxpayers can request a nine-month payment plan for outstanding tax due
- Benefits depend on specific situation and require case-by-case analysis
- Treasury Department has issued an orientation guide in Spanish
- Tax authorities can review the last three fiscal years in El Salvador
- Fine for adjustments to tax settlement is typically 25% of additional tax due
- Taxpayers should conduct internal analysis to identify potential challenges or errors
- Evaluate ongoing tax disputes to determine potential benefits of tax amnesty
- Consider withdrawing from proceedings to take advantage of tax amnesty opportunities
Source: taxathand.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.
