Taxation in El Salvador is regulated by the Ministry of Finance. Both individuals and corporations are subject to taxation on their income in El Salvador.

Personal Income Tax:

In El Salvador, individuals are required to pay taxes on their income, including salaries, wages, and other sources of income. The tax rate is based on a progressive tax system, where the tax rate increases as the income increases. The tax rates for individuals range from 0% to 30%, depending on the income level. The tax year in El Salvador runs from January 1st to December 31st.

Corporate Income Tax:

Corporations in El Salvador are also required to pay taxes on their income. The corporate income tax rate in El Salvador is a flat rate of 30%. However, there are some tax incentives available to companies in certain industries and regions. The tax year for corporations in El Salvador is also from January 1st to December 31st.

Process and Calendar for payments:

In El Salvador, the tax payment process involves filing a tax return and paying the tax due within a specific deadline. For individuals, tax returns are due on March 31st of the following year. For corporations, tax returns are due within 3 months after the end of the tax year.

In addition to income taxes, there are other taxes and fees that individuals and corporations are required to pay in El Salvador. These include value-added tax (VAT), real estate transfer tax, and social security contributions.

It's also worth noting that El Salvador has signed tax treaties with many countries to avoid double taxation on foreign companies that do business in El Salvador.

In summary, El Salvador requires both individuals and corporations to pay taxes on their income. The tax rates are based on a progressive tax system for individuals and a flat tax rate for corporations. Tax returns are due within specific deadlines, and there are other taxes and fees that individuals and corporations are required to pay.