El Salvador's Agriculture and the Tax Reform

Farmers and growers have voiced their concern over the new taxes they will have to pay.

Monday, November 9, 2009


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One of the most worrying topics, they argue, is the application of a 13% value added tax when importing capital goods. Although these amounts are deductible from income taxes, they have negative effects on the companies' cash flow. Additionally, value-added tax will also be applied to several export categories like coffee.

"According to the different fiscal reform proposals, there won't be any deductible tax benefit when repairing or remodeling used real estate, nor when buying real estate for construction, nor when paying sums larger than $3.000 through the financial system", reported Laprensagrafica.com.

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