Honduras Tax Agency Announces Individual Income Tax Brackets for 2025

The Honduran Revenue Administration Service Jan. 6 issued Communique No. SAR 01-2025 announcing individual income tax brackets for application during 2025. The brackets include: 1) an exemption for monthly salary amounts of up to approximately 21,457 Honduran lempiras (US$841), and annual income up to approximately 217,493 lempiras (US$8,524); 2) a 15 percent tax rate for monthly salary amounts from approximately 21,457 lempiras to 30,969 lempiras (US$1,214), and annual income from approximately 217,493 lempiras to 331,638 lempiras (US$13,001); 3) a 20 percent tax rate for monthly salary amounts from approximately 30,969 lempiras to 67,604 lempiras (US$2,650), and annual income from approximately ...