2. INVESTORS GUIDE HN - 2021 Fiscal Aspects

INVESTOR'S GUIDE HONDURAS 2020 - 2021

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FISCAL ASPECTS

CONTENT

2.1 2.2 2.3

NATIONAL TAX REGISTER (RTN) SALES TAX INCOME TAX

INVESTOR'S GUIDE HONDURAS 2020 - 2021

ONLINE APPLICATIONS https://www.sar.gob.hn/#tab-60a55d5a110c6-1 Adhesion Contract Request Make the request for an Adhesion Contract. RTN Update Request Make the request to update the RTN and email data. RTN Replacement Request Make the request to replace the RTN card. Password Change Request Make the request to change the Tax Password. Application for the Registry of the Social Sector of the Economy Make the request for the registration of the Special Activity of the Social Sector of the Economy. Request for Rectification of Payments on Account Apply online Request for Acceptance of Corrective Declaration in Rejection Request Modifications in Declarations and Official Payment Receipt Notification of Temporary Closure of Operations Make the Notification of Temporary Closure of Operations of your business. Authorization of the Employees Social Plan for Legal Persons Credit Assignment and Compensation Notice Make the Credit Assignment Notification Request or the Credit Compensation Notification Request.

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ONLINE SERVICES https://www.sar.gob.hn/#tab-60a55d5a110c6-2 RTN Consultation Perform the validation of the National Tax Registry (RTN) Preprinted Forms Download Preprinted Forms and Tax Returns Online payments Banks list where online tax payment is enabled Virtual office Carry out your procedures electronically Issuance of Certificates Generation and consultation of electronic records Tax Document Validator Perform the Validation of Tax Documents Advanced Electronic Signature Instrument that establishes security and integrity mechanisms on a data message.

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2. FISCAL ASPECTS

INVESTOR'S GUIDE HONDURAS 2020 - 2021

2.1 NATIONAL TAX REGISTER (RTN) According to article 66 of the Tax Code, the following must enroll in the National Tax Register (RTN, for its acronym in Spanish): Natural persons, legal entities and organizations or entities that lack legal personality, but that carry out tax incurring activities. * See Chapter 1 on establishment of operations of a company to obtain the RTN (National Tax Register.) 2.2 SALES TAX According to article 18, paragraph 2 of the Tax Code, tax or customs exemption and exoneration benefit does not exempt the taxpayer from filing and/or withholding taxes where applicable, declaring her/his domicile, and others consigned in this code, unless a special tax or customs law expressly indicates otherwise. 2.2.1 FILING SALES TAX DECLARATION REQUIREMENTS INTERACTIVE IN VIRTUAL OFFICE a. RTN b. Tax Password c. Form to be completed: SAR-224 See full procedure in: https://www.sar.gob.hn/isv/ AT THE BANK a. Número de Formulario impreso a presentar SAR-222 EN DET LIVE DET LIVE is an online platform for sales and income tax filing that the SAR has made available to taxpayers.

DET -Live Installation and Uninstallation: http://detlive.sar.gob.hn/?q=Instalaci%C3%B3n Requirements for use: a. Adhesion contract number b. RTN c. Tax Password d. Form to be completed SAR-227 FILING AND PAYMENT According to article 11 of the Law on Sales Tax, those responsible for collecting the tax will submit a monthly affidavit of sales and will pay the amount received to the tax collection offices authorized for this purpose. The payment will be made within the first 10 calendar days of the month following that in which the sales were made. PAYMENT Online payment; or at banking institutions

2. FISCAL ASPECTS

INVESTOR'S GUIDE HONDURAS 2020 - 2021

2.3 INCOME TAX

INCOME TAX RATE a. Legal entities will pay twenty-five percent (25%) of the total net taxable income. b. Natural persons residing in Honduras will pay according with the current progressive rate. *This progressive rate scale is adjusted automatically on an annual basis as of 2017 onwards applying the annual variation in the Consumer Price Index (IPC, for its acronym in Spanish), published by the Central Bank of Honduras.

RESPONSIBLE FOR FILING AND PAYMENT

a. Any person domiciled or resident in Honduras, whether natural or legal, national, or foreign. b. Merchant vessels that operate under Honduran registration or flag. c. Public enterprises according to Article 53 of the General Law of Public Administration (Decree 219-2003). d. The cooperatives. e. Those with Tax Exemption benefit. f. Natural persons subject to retention with more than one employer and incomes other than wages higher than the exempt minimum. g. Individuals subject to retention under Article 50 of the Income Tax Law. DEADLINE All taxpayers are required to present Affidavit of income earned in the previous year to the Revenue Administration Service (SAR, for its acronym in Spanish), between January 1 to April 30 (or the following working day, personally or through a legal representative). Notwithstanding the stipulated in the preceding paragraph, the Taxpayer with a fiscal year different to the calendar year will submit the required Affidavit within three months after the end of said fiscal year. PROCESS ON DET LIVE a. Adhesion contract number b. RTN c. Tax Password d. Form: SAR-357 for Legal Entity and form 277 for Natural Person

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