Inheritance tax and law

October 23, 2013

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

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