Displaying items by tag: Ministry of Finance

Next tuesday, april 30, 2024, is the last day for taxpayers to file their income tax return (ISR) for the fiscal year 2023.

The Ministry of Finance through the Dirección General de Impuestos Internos (DGII) has gone to different businesses to ensure the issuance of invoices and tax documents, in order to prevent abuses to the population on Valentine's Day.

The General Director of Investment and Public Credit of the Ministry of Finance of El Salvador, Marlon Herrera and the deputy director of Budget, Michelle Arce, appeared before the Finance Committee of the Legislative Assembly, to request loans from the Development Bank of Latin America and the Caribbean.

The simplest description of what is meant by electronic invoicing is given by its own name: It is an invoice that exists electronically and that fulfills, in all situations and before all actors, the same purposes as a paper invoice, both for issuers and receivers, as well as for interested third parties.

The Ministry of Finance has informed that individuals or legal entities, estates or trusts that withhold income tax are obliged to submit the "Annual Income Tax Withholding Report (F-910)", which contains the details of the individuals or legal entities to which withholdings have been made in the fiscal year 2023, according to the provisions of article 123 of the Tax Code.

El Salvador achieved its highest tax collection at the end of 2023 with a total of US$7,122 million, according to data from the Ministry of Finance. This result surpasses the US$6 billion 571 million in tax revenues of the previous year.

The transitory law initiative seeks to increase the purchasing power of salvadorans during this Christmas and year-end season.

The Asociación Bancaria Salvadoreña (ABANSA) presented last thursday, august 24, to the Ministerio de Hacienda a proposal to reschedule short term debt, transferring it to medium and long term debt with maturities of 2, 3, 5 and 7 years.

The Treasury Committee voted in favor of subscribing a US$75 million loan agreement with the Development Bank of Latin America (CAF) for the Program for the Transformation of El Salvador's Business Climate through Trade and Investment Facilitation.

The Ministry of Finance reported that the Income Tax (ISR) generated US$1,553 million up to may of this year. Compared to the same period of 2022, this is a positive variation that maintains the trend that has been in place since previous months.