By: Victor Vindel
As of February XNUMX of this year, the SPECIAL TRANSITORY LAW THAT GRANTS FACILITIES FOR THE VOLUNTARY COMPLIANCE OF SUBSTANTIVE AND FORMAL OBLIGATIONS IN THE MATTER OF MUNICIPAL TAXES, The purpose of which is to establish an exceptional and temporary regime of incentives and granting of facilities to taxpayers of all the municipalities of El Salvador, for voluntary compliance with their obligations, making available to them exemption from the payment of fines and default interest.
This regulation covers the following aspects:
- Fines and default interest generated by the non-payment of the respective declared and unpaid municipal tax.
- Fines and default interest generated by non-payment of municipal taxes, at the time of presenting the respective municipal tax return.
- Fines generated by non-compliance with the formal obligations established in Article 90 of the General Municipal Tax Law.
The temporary scope that the Special Law will have will be from its entry into force in the cases mentioned above until December 31, 2021, and taxpayers must go to the service points authorized by each of the municipalities, having access to the making payments by bank transfer according to the procedure authorized by each municipality and that is reflected in the validity of the aforementioned Law.
For all those taxpayers who have expressed their willingness to take advantage of the tax exemption, they may formalize payment plans to pay the entire amount owed, as long as they pay 30% of the amount owed as a premium, the Law having a validity of 90 days.
For more information, contact us at LatinAlliance El Salvador, Lawyers, to the following emails: msutter@latinalliance.co I mcosta@latinalliance.co.