The tax system in Honduras, managed by the Servicio de Administración de Rentas (SAR), includes individual and corporate income taxes. Residents pay taxes on global income, whereas non-residents are taxed only on Honduran-sourced income. The individual tax rates are progressive, increasing with income levels. Businesses face a competitive tax environment with a standard corporate tax rate and potential incentives for specific industries or zones. Additionally, Honduras has a Value Added Tax (VAT) on goods and services, with some exemptions. Understanding this tax structure is crucial for compliance and capitalizing on potential benefits, especially for foreign investors and businesses exploring opportunities in Honduras’s strategic location and vibrant economy.
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The source of the article is from the blog crasel.tk