El Salvador
Corporate - Significant developments
Last reviewed - 20 September 2024In March 2024, were approved reforms to articles 3, 14-A, 16 and 27 of the Income Tax Law.
In summary, the reform consisted in considering as excluded from the concept of taxable income, all values received in any concept obtained abroad or any movement of capital, remuneration, in money or kind, generated or not by the investment of national or foreign capital, which are obtained or received by natural persons, legal persons or entities without legal personality, domiciled or not in the country, coming from any kind of source abroad.