- El Salvador’s Ministry of Finance has updated Form 07 and Form 14.
- The changes require taxpayers to complete new fields starting February 1, 2025.
- The updates include:
- Sales to taxpayers
- Sales to the final consumer
- Purchases from taxpayers
- Purchases from excluded subjects
- Form 07 now includes Annex 3 (purchases from taxpayers) and Annex 5 (purchases from VAT-exempt entities).
- Form 14 now has four additional columns to specify the type of operation, classification, sector, and the nature of the cost or expense.
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.
