Honduras

Honduras improves VAT invoices and control environment

June 28th, 2014

Honduras’ VAT (Impuesto sobre Ventas) system was updated for new invoice and administration requirements. Anti-fraud measures Generally, invoices and credit notes are required for all taxable supplies of goods or services. To enable some flexibility for smaller retailers, the government does permit the use of electronic cash registers. These new measures are aimed at reducing …


Honduras

Honduras raises 2014 Sales Tax to 15%

January 14th, 2014

Honduras has increased its Sales Tax rate from 12% to 15% from 1 January 2014. Note, whilst known as Sales Tax, the Honduran system allows for the recoverability of input Sales Tax by businesses, and so it effectively operates like an OECD VAT regime. As part of the tax rise package, a number of basic …