reforms tax reform Taxes Government taxes Salvadorean Association of Private Enterprise (El Salvador) Carlos Cáceres Treasury Ministry (El Salvador) Asamblea Legislativa (El Salvador) Increased taxes income tax Alex Segovia Farabundo Marti National Liberation Party Federico Colorado Income tax

Salvadoran Businesses Object Fiscal Reform

ANEP, the Private Enterprise Association warned the proposed tax reform would impact negatively on consumers.

Wednesday, October 7, 2009

©image: Jesse Michael Nix

Federico Colorado, ANEP President, said: "In our opinion, in times of crisis we must study how to make the economy more dynamic, make it grow and analyze how to boost the diverse productive sectors".

"The project, to be submitted in the next days by the Treasury Ministry, intends to increase collection to last year's levels of $1 billion. Tax collection has been lower this year, because of the crisis", reports SDPnoticias.

Source: SDPnoticias.com

Key entities

Mauricio Funes Salvadorean Association of Private Enterprise (El Salvador) Federico Colorado

Countries

El Salvador

Insight

tax reform tax reform reforms Government Taxes

New Vehicle Tax in El Salvador

September 2009

One of the modifications to be introduced by the fiscal reform is a new tax when registering a vehicle.

The reform package includes 4 types of measures: tax, non-tax, adjustments in expenditure and complementary measures. With this new vehicle tax, authorities expect to collect $20 million a year.

El Salvador: Reforms to Income Tax Rejected

November 2011

The private sector has rejected the FMLN’s proposal to reform income tax law.

Jorge Daboub, president of the National Association of Private Enterprise (ANEP in Spanish), said the proposal is not based on a deep technical analysis of the subject. The first action that should be performed is to correct the "waste of Salvadorans’ tax dollars."

Salvadoran Businessmen Oppose Higher Taxes

February 2011

Private business leaders spoke out against the creation of new taxes and increasing income tax.

"The private sector struggles between uncertainty and anger, after a study by Eurasia ensures that the Salvadoran Government is expected to approve an increase to the ceiling of income tax, a new estate tribute and a security levy," Laprensagrafica.com reports.

Yes to Dollarization, No to Dollarization

April 2010

In El Salvador, the debate over the advantages and disadvantages of dollarization has been reignited, as the government is in need of resources for funding its programs.

President Funes has regretted that Dollarization has limited El Salvador from taking actions to combat the economic crisis.

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