The bill proposed by the Salvadoran Treasury, the "Tax Simplification Law", proposes special charging mechanisms aimed at micro-companies and the informal sector.
According to Diariocolatino.com, the Tax Simplification Law suggests two approaches. The first is called the Special Micro-tax Regime (REMI in Spanish), which is aimed at micro-companies and would be collected by regional authorities. The other, called the Special Mono-tax Regime (REM in Spanish) is aimed at the informal sector. Both seek to broaden the country's tax base.
Source: diariocolatino.com
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June 2010
The business sector will present proposals to solve the fiscal deficit, which may also be the foundation of a social pact.
17 proposals will be presented, aimed at two large areas: reducing spending and increasing revenue.
Jorge Daboub, president of the Salvadoran Chamber of Commerce and Industry, explained: “We understand that the country has a serious fiscal problem, the deficit has worsened due to the country’s negative economic situation. As the private sector, we have produced a document that will give the government tools to correctly address the problem, in a comprehensive and effective way”, reported La Prensa Grafica.
May 2011
The government aims to raise $120 million for the fight against crime.
The proposal presented by President Mauricio Funes to the Advisory Committee would mean a new tax payable by 2 000 large contributers, the resources would be used to strengthen measures against crime and insecurity in the country.
September 2009
A program in El Salvador will train micro, small and medium companies on the quality standards required by large corporations.
The project will also provide training for delegates of large companies on how to make business with SMEs.
Elsalvador.com published statements by the United Nations Development Programme (UNDP) representative in the country, Jessica Faieta: "The team in charge of the project is located in the offices of the Chamber of Commerce and Industry... UNDP will provide $1 million to start the project".
August 2009
Small and medium enterprises from the country's north will receive technical assistance, training and access to business information.
An agreement was signed between the Commerce Chamber and the company Chemonics International, to improve the productive processes of these companies in order to access new markets.
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