The Researchers Network of the Banco Central presented the study entitled "Evolution of the Transfer365 payment system and its impact on the Salvadoran economy", which presents an analysis of the development and evolution of this system almost two years after its implementation, as well as an evaluation of the benefits it provides to the population using payment systems in El Salvador.

The President of the Banco Central de Reserva (BCR), Douglas Rodríguez, explained in a morning interview that the country's financial health has shown positive results, as deposits made by salvadorans showed a 4% growth as of april 26, 2023, or US$18,382 million compared to the same period of 2022.

Tuesday, 02 May 2023 04:31

May 2: Last day to file and pay income tax

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The Ministry of Finance reminds taxpayers that the last day to file and pay Income Tax (ISR) for fiscal year 2022 is tomorrow, may 2.

The World Bank Group (WBG) Board of Executive Directors today endorsed the Country Partnership Framework (CPF) 2023-2027 for El Salvador. This strategy seeks to promote inclusive and sustainable growth by strengthening the country's human capital and resilience to natural phenomena and climate change.

Finance minister Alejandro Zelaya, said this morning in a press conference that this year, there will be no tax amnesty. Salvadorans will have to pay with fines and interest on Income Tax (ISR) for not declaring until may 2, 2023.

The Suelos Vivos de las Américas program has achieved concrete results, 28 months after its launch, and is generating a growing awareness of the importance of soil health for food security in the continent and globally.

According to the recent report of the Comisión Ejecutiva Portuaria Autónoma (CEPA), only between january 1st and the 23rd of this month, the port of Acajutla has mobilized more than 1.8 million metric tons of cargo exported and imported by different productive sectors of the national economy.

As of march 2023, income tax revenues will reach US$667.7 million, equivalent to a 6% growth compared to last year, and remains 10% above what was projected to be collected.

The economic development of El Salvador is one of the main areas of work of the Central Government, who implements different strategies to achieve this goal and one of them is the commitment to the development and recovery of tourism in El Salvador, which only at Easter reported the income of millions of foreign currency thanks to the tourists who visited the country.