Legislative Decree No. 215 which came into force on December 4th, 2009, exempted employers from the obligation to withhold the income tax over sums paid to public and private employees as a Christmas Bonus. However, such decree did not establish anything about whether such received amounts by employees would be considered as taxable income or not.

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New Minimun Wages

New Minimun Wages

The Salvadoran Government has recently launched a program called “El Salvador Eficiente” (Efficient El Salvador) which main objective is to simplify requirements, procedures and times for the execution, development and closing of the mercantile businesses carried out in our country. As a result of the implementation of said program, several amendments to the Salvadoran Code of Commerce had to be made. Such amendments were approved by virtue of the Legislative Decree No. 641, dated June 12th, 2008, published in the Official Gazette dated June 27th, 2008; being in force since July 6th, 2008.

The new rules have come to modify legal aspects mainly related to:

- Incorporation and operation of businessmen and Companies. - Formal obligations of businessmen and Companies. - Dissolution and liquidation of Companies.

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Getting the Deal Through - Trademarks 2009 El Salvador

Getting the Deal Through - Trademarks 2009 El Salvador

The Americas Restructuring and Insolvency Guide 2008/2009. Please click on the links below to get electronic copy from our webpage.

The Americas Restructuring and Insolvency Guide 2008/2009 - Insol. America Authors (Pag. 26) and The Americas Restructuring and Insolvency Guide 2008/2009 - El Salvador

Getting the Deal Through - Patents 2008 can now be found online at www.GettingTheDealThrough.com. This edition provides comparative international analysis in 37 jurisdictions about the most important issues that corporate counsel and cross-border legal practitioners face when navigating international patent rights.
Romero Pineda & Associates provided El Salvador chapter, a research made by partner José Roberto Romero Mena and associate Jorge Enrique Méndez.

The published chapter on El Salvador issues can be consulted in the following PDF: El Salvador

Reproduced with permission from Law Business Research. This article was first published in Getting the Deal Through - Patents 2008, (published in January 2008 - contributing editor Stuart J Sinder). For further information please visit www.GettingTheDealThrough.com

Download the updated guide about "Doing Business in El Salvador" Doing Business in El Salvador (PDF Format)

You can download this file (PDF format) by following this link:

World Trademark Yearbook 2006 (PDF)

We hereby inform our clients and friends that on December 3rd, 2009 the Congress of El Salvador (“Congress”) approved Decree No. 215, which establishes that, temporarily, employers are not to withhold income tax over monies to be paid as Christmas bonus to public and private employees. 

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