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12 February 2018

Honduras updates 2018 income tax brackets for individuals

Honduras updated the income tax brackets applicable to individuals for tax year 2018 (i.e., from 1 January 2018 to 31 December 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 12 January 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

25%

Endnote

1.  Figures expressed in US dollars are based on the exchange rate on 6 February 2018 of L.23.7177 per US$1.

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CONTACTS

For additional information with respect to this Alert, please contact the following:

Ernst & Young, S.A., San José

  • Rafael Sayagues
    rafael.sayagues@cr.ey.com
  • Alexandre Barbellion
    alexandre.barbellion@cr.ey.com
  • Karem Marquez
    karem.marquez@cr.ey.com

Ernst & Young LLP, Latin American Business Center, New York

  • Ana Mingramm
    ana.mingramm@ey.com
  • Enrique Perez Grovas
    enrique.perezgrovas@ey.com
  • Pablo Wejcman
    pablo.wejcman@ey.com

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

  • Jose Padilla
    jpadilla@uk.ey.com

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ATTACHMENT

PDF version of this Tax Alert

Document ID: 2018-5275

 
 

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