Weekly Report - 04 September 2014 (WR-14-35)

EL SALVADOR | Controversial new tax enters into force. A new financial transactions tax took effect in El Salvador on 1 September. The 0.25% tax will be applied to financial transactions over US$1,000 made by cheque, credit card or electronic transfer, with the exception of salaries, remittances, public services, pension funds or ATM withdrawals.

End of preview - This article contains approximately 369 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial