Is El Salvador tax free country?|Individual taxpayers are subject to tax on El Salvador source income only at progressive rates of up to 30%. Capital gains are taxed at 10%.
Is El Salvador a tax-free country, or are there certain tax obligations for its residents? I understand that individual taxpayers in El Salvador are taxed on income generated within the country, but could you elaborate on the specific tax rates? Are they fixed or progressive? And what about capital gains? Are they taxed differently, and if so, at what rate?