Researchers Network presents study on the evolution of the Transfer365 systemWritten by Evelyn Alas
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.
Deposits grew 4% to US$18.382 billion as of april 26, 2023Written by Evelyn Alas
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.
May 2: Last day to file and pay income taxWritten by Evelyn Alas
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.
World Bank Group approves strategy to generate more jobs, strengthen human capital and climate resilience in El SalvadorWritten by Evelyn Alas
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.
This year there will be no tax amnesty to pay income tax debts to the Ministry of FinanceWritten by Evelyn Alas
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 program has achieved conservation and food security resultsWritten by Evelyn Alas
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.
From january to march 2023 more than 1.8 million tons of cargo were mobilized in portsWritten by Evelyn Alas
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.
Income Tax Revenues to reach US$667 million as of march 2023Written by Evelyn Alas
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.
MITUR developed a program for the expansion and recovery of tourism in El SalvadorWritten by Evelyn Alas
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.