Sunday 25 February 2024

EL SALVADOR – New tax on coffee denied

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Salvadoran government has pointed out that the amendments to the Law of the Salvadoran Coffee Council do not include a new tax, but rather a change in the retention rate of $0.35 per hundredweight exported.

From a statement issued by the Ministry of Agriculture and Livestock in El Salvador (MAG):

“The government of the Republic stoutly denies that it has created a new tax on coffee production and reiterates its commitment to this important economic sector, in which the 2004-2015 crop already exceeds the previous one.

The head of department explained that the government has proposed a bill which allows for organization of the mechanism for collecting the registration fee which is charged to farmers, established since 2005 by Legislative Decree.”

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