Central Bank of Honduras Increases Monetary Policy Rate to Strengthen the Economy
The Central Bank of Honduras (BCH) has raised the Monetary Policy Rate (MPR) from 3.0% to 4.0%, effective August 2024. This rate represents the interest at which the BCH lends money to commercial banks, and its increase creates a ripple effect that raises borrowing costs for these banks, impacting c...
Read More
El Salvador Offers Tax Incentives for High-Rise Real Estate Projects
The Legislative Assembly of El Salvador has approved new regulations that offer up to 15 years of income tax exemption to encourage vertical construction projects of over 35 floors. These regulations, titled “Special Provisions for the Promotion and Granting of Tax Incentives for the Developm...
Read More
Amendments to the Tax Code of El Salvador
The Legislative Assembly of El Salvador has approved significant reforms to the Tax Code aimed at simplifying the requirements for identifying buyers and service recipients. These modifications seek to facilitate the process for both individuals and legal entities, whether domestic or foreign. One ...
Read More