Information about Honduras Minimum wage and taxes.

In Honduras, the minimum wage is an amount set by the government and aims to maintain the lowest wage level of workers. As of 2021, the minimum wage in Honduras is set monthly and is 9,186.24 Honduran Lempira (HNL) for those working in the private sector. In addition to the minimum wage, workers subject to the tax system in Honduras are also required to pay taxes. The tax system includes income tax, value added tax and other types of taxes. Income tax in Honduras applies at different rates depending on income level. Income tax rates vary depending on annual income. Income tax rates for 2021 are as follows: - 15% tax applies for income between 0 HNL and 169,920 HNL. - 20% tax applies for income between HNL 169,921 - HNL 424,800. - 25% tax is applied for income of 424,801 HNL and above. Value added tax (VAT) is a type of tax levied on consumption. In Honduras, the VAT rate is generally 15%. However, lower VAT rates may be applied for some basic consumer goods. The tax system and tax rates in Honduras may change from time to time, so it is important to verify current information with local tax authorities.



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