Honduras Latest Update: January 2011
Profile Honduras is a country located in Central America. Its population is 7,8 million (2009). The official currency is the Lempira (L). The Gross Domestic Product (GDP) amounts to L 270 543,1 million (2009). Tax System (in effect in 2010)103 The Central Government has the authority over the following taxes: 1. Taxes on Income, Profits and Capital Gains Income Tax, contained in Decree N° 25 (published in the Gazette on 20.12.1963) and amending laws. Net Assets Tax, contained in Decree N° 51 (published in the Gazette on 10.04.2003) and amending laws. 2. Taxes on Properties Tax on Real Estate, contained in Decree N° 76 (published in the Gazette on 09.04.1957) and amending laws. Tax on Land Ownership contained in Decree N° 31 (published in the Gazette on 06.04.1992) and amending laws. Annual Flat Fee for Vehicle Registration104, contained in Decree N° 18 (published in the Gazette on 12.03.1990) and amending laws. Automotive Vehicles Transfer Fee105, contained in Decree N° 131 (published in the Gazette on 20.05.1998) and amending laws. Tax on Inheritance, Bequests and Donations, contained in Gazette N° 67 and amending laws. 3. General Consumption Taxes Sales Tax, contained in Decree N° 24 (published in the Gazette on 20.12.1963) and amending laws. 4. Excise Taxes Specific Flat Tax on Cigarette Consumption106, contained in Decree Law N° 106 (published in the Gazette on 30.07.1955) and amending laws. Tax on the National Production and the Import of Soft Drinks, Alcoholic Beverages and other Prepared or Fermented Beverages, contained in Decree N° 17-2010 (published in the Gazette on 22.04.2010).
103
Does not include information on i) user charges (rights, licenses, fees, among others); ii) any kind of contributions; or iii) taxes under the authority of the Sub-National Governments. 104 A tax, in spite of its name. 105 A tax, in spite of its name. 106 Formerly called Cigarettes Production and Consumption Tax.
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