Inheritance tax and inheritance law in El Salvador
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INHERITANCE
Inheritance is taxed in El Salvador at the standard income tax rates. The following people are subject to tax in El Salvador:
- Estate of a deceased person, provided that the succession procedures are carried on in the country
- Majority of the heirs of the estate are El Salvadorian residents
- The assets or properties are located in El Salvador
INCOME TAX |
|
| TAX BASE, US$ | TAX RATE |
| Up to US$4,064.00 | 0% |
| US$4,064.00 - US$9,142.86 | 10% on band over US$4,064.00 |
| US$9,142.86 - US$22,875.14 | 20% on band over US$9,142.86 |
| Over US$22,875.14 | 30% on all income over US$22,857.14 |
| Source: Global Property Guide | |
