US EditionDeputies Endorse Tax Incentives for Technical Staff of Large Investments - Today's News in El Salvador
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El Salvador Approves Legal Framework to Boost Historic Economic Growth
El Salvador’s Legislative Assembly has approved a new legal framework aimed at attracting high-value foreign investments of $2 billion or more, with the goal of boosting productivity, generating jobs, and expanding exports. The legislation, backed by 56 votes from Nuevas Ideas, PCN, and PDC, offers a series of tax incentives to large-scale investors. Benefits include exemption from Income Tax (ISR) on profits, dividends, royalties, rents, capita…
Foreign investors will be able to pay only 10% of ISR for technical personnel. EL SALVADOR.- With 57 votes in favor and one against, the Legislative Assembly approved a new special regime promoted by President Nayib Bukele, through the Ministry of Finance, with the aim of attracting foreign investment and strengthening the technical and administrative capacity of the country. The measure, called “Special Regime to Facilitate and Promote the Esta…
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