Honduras

Corporate - Significant developments

Last reviewed - 25 July 2022

On 22 October 2019, the tax administration issued a statement informing that, as of 1 April 2020, companies operating in special regimes must submit their informative transfer pricing statement.

Additionally, with Decree 117-2021, published on 14 February 2022 in the Official Gazette, an interpretation of Section 113 of the Honduran Tax Code, which states the following, becomes effective:

"The Tax Administration or the Customs Administration, as the case may be, for the determination of tax obligations, in accordance with the Law for the Regulation of Transfer Prices, must verify the existence of transfer prices in operations carried out between individuals or entities domiciled or resident in Honduras with their related, linked, or associated parties and those covered by special devices that enjoy tax benefits; and...” is not including the special regimes that have granted tax benefits within the operations that determine the tax obligations related to transfer prices, since the intention of the legislator is oriented to that such obligations apply only to individuals or entities domiciled or resident in Honduras, who are related, linked, or associated with companies under special regimes and not the latter.