09 February 2018 Honduras updates income tax brackets for individuals for 2018 Honduras updated the income tax brackets applicable to individuals for tax year 2018 (i.e., from January 1, 2018 to December 31, 2018) under Agreement SAR-009-2018 issued by the Tax Authorities. The updated income tax brackets reflect changes to the Honduran consumer price index. The updated brackets, published in the Official Gazette on January 12, 2018, are as follows: Employment and self-employed income1 Annual taxable income (Honduran lempiras (L.)) | Tax rate | From (L.) 0.01 up to L.152,557.15 (approx. US$6,432) | 0% | From L. 152,557.16 up to L.232,622.61 (approx. US$9,808) | 15% | From L. 232,622.62 up to L.540,982.82 (approx. US$22,809) | 20% | Over L. 540.982,83 (approx. over US$22,809) | 25% |
Contact Information
For additional information concerning this Alert, please contact:
| Ernst & Young Honduras, S. de R. L. | | • Rafael Sayagues | +506 2208 9880 | | • Alexandre Barbellion | +506 2208 9841 | | • Karem Marquez | +504 2580 7921 | | Latin American Business Center, New York | | • Pablo Wejcman | (212) 773-5129 | | • Ana Mingramm | (212) 773-9190 | | • Enrique Perez Grovas | (212) 773-1594 | | Latin American Business Center, Europe | | • Jose Padilla | +44 20 7760 9253 |
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1 Figures expressed in US dollars are based on the exchange rate on February 6, 2018 of L.23.7177 per US$1. Document ID: 2018-0299 |
