El Salvador signs anti-fraud agreement with Spain

El Salvador has signed an agreement with Spain that's aimed at avoiding double taxation and preventing tax fraud.

Friday, July 11, 2008

"The agreement is a tool that will encourage investments and trade between our countries," said El Salvador's Vice President, Ana Vilma de Escobar.
"With this accord we will avoid paying taxes twice, something that has been a major obstacle in developing business relations."

More on this topic

Guatemala: 14 Years in Prison for Tax Fraud

June 2013

Mario Brol Samayoa has been convicted of money laundering, tax fraud, special case of tax fraud and customs fraud.

According to investigations by the Prosecutor, Brol Samayoa exported gasoline to countries such as Taiwan, Mexico, Honduras and El Salvador, without paying Value Added Tax (VAT). "Because of this fraud the government failed to receive $91 million," according to the Superintendency of Tax Administration (SAT) ".

Independent Professionals Targeted by Costa Rican Treasury

October 2009

Costa Rica intends to fight tax fraud and evasion, labeling them not only as felonies but also as an ethical and solidarity problem.

The Treasury of Costa Rica presented the National Plan for Preventing and Fighting Tax Fraud. It remarks the need to improve the management of related information, and to ease the required procedures to raid and obtain information.

Jail Threat for Tax Debtors in Panama

August 2013

Fraud charges could be brought with imprisonment of up to five years for employers who do not regularize their tax situation.

The warning was made by the administrator of the National Revenue Authority (ANIP), Luis Cucalón. "The 1970 tax law says this type of fraud is punishable by multiples of unpaid tax or imprisonment up to five years," said the official.

El Salvador seeks investments from France

June 2008

El Salvador and France held meetings with the goal of improving investment relations as well as trade between the two countries.

El Salvador's vice president, Ana Vilma de Escobar, led a trade mission to Marseille in France to promote her country's investment potential.

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