Honduras

General Information     |     Tax measures – Direct and Indirect     |     Employment-related measures     |     Economic stimulus measures

Return to homepage  |  Last updated: 14 October, 2020

The Honduran Government  announced and sent for approval to the National Congress, some tax and employment measures that are addressed in first instance to benefit small and medium taxpayers, these measures include: extensions of the CIT and TP deadlines, discount of 8.5%  for payment of CIT before April 30th , the condition to apply to these benefits would be to keep the employees in payroll (i.e., not to fire employees).

Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.

• Government, employees and Regimen de Aportaciones Privadas will partially cover salaries for fired employees. The contribution would be a monthly wage of L. 6,000.
• An additional deductible expense of 10% of total salaries for those taxpayers that keep all their employees.

• In order to attend the impact caused by COVID 19 to affected sectors, National Commission of Bank and Insurance (CNBS) through Resolution GES No.175/21-03-2020 approved the following financial temporary measures:
  • Institutions regulated by CNBS that grant loans, will be able to concede grace periods to affected borrowers (entities and individuals).
  • The application of moratorium interest, commissions and administrative charges related with relief operations is banned.
  • Accrued interest and not charged (current) at the date of refinancing or reclassification of the debt, can be capitalized.

Tax: Rubén Alonzo –  realonzo@kpmg.com
        Luis Zelaya –  lzelaya@kpmg.com