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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