News
In this section you can inform about relevant information for companies.
Recent major news
The CVPCPA has extended deadline. Publish: Nov 28th, 2018
The Supervisory Board of the Profession of Public Accounting and Auditing (CVPCPA, by its acronym in Spanish) has comunicate that has approved an extension to the period to process the sustitution of stamps and credential of the public accontants until Jun 1st, 2019, and therefore will be able to use the current ones until before July 1st, 2019. Read Comunicate of CVPCPA
It is exempted from the payment of income tax the Christmas bonus of 2018. Publish: Nov 15th, 2018
By decrete 160, The Legislative Assembly, agree to exempt from payment of income tax for Christmas bonuses for 2018 of up to two Commerce and Service minimum wages. To those Christmas bonuses that are higher to that income, it will only pay taxes from the excedent of the income mentioned before. Read Decrete 160
There´s a proposse to change the Money Laundering and Assets LawPublish: Nov 7th, 2018
The Office of the Attorney General of the Republic has presented a proyect to the Legislative Assembly of the "Special Law for the Prevention, Control and Sanction of Money Laundering Special Act for the Prevention, Control and Sanction of Money Laundering" that would replace the current one. To more information Read the Proyect Law
There is a favourable opinion to exempted from the payment of income tax the Christmas bonus of 2018.. Publish: October 24th, 2018
The deputies of the Treasury Committee of the Legislative Assembly, agreed to issue a favorable opinion to exempt from payment of income tax for Christmas bonuses for 2018 of up to two minimum wages (equivalent to $600.00) as a measure to benefit Salvadoran families on holidays at the end of the year, such opinion may be approved and become a decree this Wednesday if it has at least 43 votes in the plenary session. See the News
Transitional Law to regulate the Ministry of Finance's auditing processes for the years 2014 and 2015. Publish: October 17th, 2018
According to Decree No. 127 approved on September 26th, The fiscal processes of the General Directorate of Internal Taxes and Customs, corresponding to the years 2014 and 2015 are annulled, as long as such processes (whether of hearing, opening of evidence, determination of taxes, decreases in favor balance, adjustments of remaining fiscal credit or imposition of fines) has not been concluded and are in process.
Cases are excluded if they are under criminal investigation or there are Requirements of the Attorney General of the Republic or the Judicial Branch).
The General Direction must issue administrative resolutions in which it orders the annulment of these processes and abstain from carrying out subsequent acts as of the validity of this decree.
(For more information See Decree No 127).
Actualization Reminder by The CVPCPA of addoption of NIIF PYMES Publicado: October 15th, 2018
We remind you that according to Resolution # 9 and Resolution #120, issued by the CVPCPA (Consejo de Vigilancia de la Profesión de la Contaduría Pública y Auditoría) in March and September 2018, stablish that:
Se les recuerda que conforme la Resolución # 9 y Resolución #120, emitidas por el Consejo de Vigilancia de la Profesión de la Contaduría Pública y Auditoría el pasado marzo y 28 de Septiembre de 2018, respectivamente, en las que se establece que:
"Its granted a prudential time to the (companies, small and medium-sized entities) in order to comply with the legal provisions established in the Code of Commerce and amendments to the Accounting Practices Regulatory Law, relating to compliance with International Accounting Standards or International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs) and MICRO-SMEs, adopted by this Council, setting December 31, 2018 as the deadline".
It is important that all accounting professionals in charge of the preparation and presentation of the financial statements of Social Merchants regulated by the Code of Commerce, coordinate with the administration of the companies and carry out the urgent and necessary activities to complete the process of adoption of International Financial Reporting Standards (IFRS) both in its full version and IFRS for SMEs in the year ending December 31, 2018.
It is important to evaluate that one of the consequences of not carrying out this adoption established in resolution # 9 mentioned above, and according to article 22 of the Accounting Practice Regulatory Law, "Public accountants are expressly prohibited" and its literal "j) Signing as accountant, balance sheets, income statements, cash flow statements and statements of changes in equity, without having performed the accounting work based on International Accounting Standards and Code of Ethics, adopted by the Board."This can bring with it inconveniences in the fulfillment of legality processes before government institutions, mainly wit
h the CNR at the moment of following the procedures of renewal of social merchant registration.
The term of the Tax Amnesty has been extended Publish: October 3rd, 2018
The Finantial Ministry comunicate that has been extended the period in with the taxpayers can present the taxes of past months without fines and interest.(To see mor information See Comunicate of the Finantial Mininstry).
Forgiveness of debt interest in the Mayor's Office of San Salvador Publish: October 1st, 2018
The last month, the counssil of the Mayor´s Office of San Salvador, approved the "Ordenanza de dispensa de intereses moratorios de tasas y contribuciones especiales del municipio de San Salvador". (To see more information, please ckeck Summary procedimiento de dispensa)
ACC Group has joined AGN International. Publish: July 30th, 2018
We are glad to inform to our clients that since June of the present year, ACC Group has joined to AGN International, a London Company, with worldwilde recconigtion in Audit and Bussiness Advisory. (You can see the comunicate in the next link: https://www.agn.org/AGN/CSA/News/Articles/2018/1807-ACC.aspx)
The date to upload the information related to the Fiscal Report has been extended. Publish: May 4th, 2018
Through a comunicate, the Finantial Ministry, informed about an extention of the time limit in wich the accountants can upload the information related to the Fiscal Report 2017, without incurring in in fines until May 7th of the present year.
Information for the presentarion of the Fiscal Report for the 2017 Period. Publish: Aphril 11th, 2018
We remind to all the accountants that the last date to upload the information for the Fiscal Report, is on May 2nd, 2018 through the platform of the fiscal report of the Ministry of Finance, being this, the only way to present it.
For the elaboration of the report, you should enter to the Accountant module in the Fiscal Report area of the Ministry of Finance Website; After, you should download the templates on the Download templates and manuals icon.
To upload the report notes, you must create a Word file where you include the notes in order, then convert that file into a PDF format file, wich will be uploaded in the plataform, on the Upload notes in PDF format space, and then, complete the Excel File (that can also be download in the plattaform) where you will add the information how it is indicate. That file should be uploaded in the fild Upload Notes in Excel Format
Finaly, for the Finantial estatements, you must use the template provided in the platafform and complete the information that is required in number format and whithout modificate the estructure of the template to prevent errors. For more information, you can consult the following links:
The term of the Tax Amnesty has been extended. Publish: March 16th, /2018
The parliamentarians approved on the Last Ordinary Plenary Session an extention of 60 business days for The "Transitory Law to Facilitate the Voluntary Compliance of Tax and Customs Obligations" known as tax amnesty, with wich the taxpayers can solve their tax debt, without taxes Payment.
To consult communicate, please click the next link: http://www7.mh.gob.sv/pmh/es/Novedades/7260-60-dias-habiles-Amnistia-Fiscal-.html
Formats of Tax Annexes for Fiscal Opinion has changed Publish: Feb 19th, 2018
There has been changed the format of the Annexes are part of the Fiscal report 2017, wich has to be presented no more than May 31th 2018.
To consult communicate and download the annexes, please click in the next link: http://www7.mh.gob.sv/pmh/es/Novedades/6440-Formatos-de-Anexos-Tributarios-para-el-Dictamen-Fiscal-Electronico.html
The term of the Tax Amnesty has been extended. Publish: Jan 29th 2018.
The last January 17th, The parliamentarians approved through decree to extend for 45 days the tax amnesty, having validity until March 15th, 2018 See CommunicateWe recommend to no forget to look if your company has periods without paying before September 2017 and use this Amnesty to prevent the payment of fines and interest. (To more information, please consult Tax Amnesty Guide.)
Principal Obligations for companies in the year 2018 Publish: Jan 5th 2018
To consult the dates of the principal obligations that the companies has to attach, please Look to the calendar
It´s Exonerate from the discount of rent to Christmas bonus. Publish: Nov 10th 2017
The parliamentarians approved to relieve the payment of the rent to the Christmas bonuses that don´t exceed two minimum salaries from the service and commerce sector (wich is equivalent to$600.00).
Tax Amnesty Publish: Oct 30th, 2017
It has been declared that since October 27th, 2017 the companies that has taxes whitout payment, can do it without the paying of fines and interest and respective surcharges during a period of 90 days.
Pession reform approvede. Publish: Oct 2nd, 2017
With the new reform of penssions, since November, the companies will have to retain their workers 7.25% instead of 6.25% wich was currently rentained, and also pay 7.75% instead of 6.75% in concept employers share.
Exception of Matricula de Comercio Paying. Publlish: July 20th, 2017
With reference of the official diary, 415, the companies can just subbmit the aplication for the current year 2017, being excempt the payment of fines and surchase for breach of previous years.