El Salvador published Decree No. 722 - Law for the Promotion of Technological Innovation and Manufacturing in the Official Gazette on 4 May 2023. As previously reported, the Law provides tax incentives to natural or legal persons, national or foreign, that invest within El Salvador in qualifying innovation projects or technological manufacturing. The incentives include exemptions from:
- Income tax with respect to encouraged activities;
- All types of income tax withholdings;
- Municipal taxes o…