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.
What are the types of companies in Honduras?
What are the documents required to establish a company in Honduras?
Honduras Economic information
How to get a Honduras residence permit?
How to get a Honduras work permit?
Information about Honduras Minimum wage and taxes.
What are the most used websites in Honduras?
Detailed information about Education in Honduras.
Salaries by occupations in Honduras
What is the Honduran breakfast culture like?
What are the famous dishes of Honduras?
What are Honduran Beverages?
Best football players of Honduras
Honduras Football teams
Honduran Artists
Largest companies in Honduras
Honduran Brands
Most preferred car brand in Honduras
Information about the Honduran Healthcare system and insurance system.
Information about Honduran Dances.
Information about Honduras Festivals.
Information about Honduras Marriage.
Information about Honduran Women.
Information about Honduran Men.
Detailed information about religious beliefs in Honduras.
Who are the Honduran Statesmen?
What is the Honduras government?
Political parties in Honduras
How did Honduran Fashion develop?
Possible trading activities in Honduras
Best universities in Honduras
Best schools in Honduras
What is the Honduran legal system like?
The greatest events in Honduran History
Most popular sports in Honduras
Information about Honduras Military strength and army structure.
Honduras export products
Honduras imports
High technology products produced in Honduras
Wars involving Honduras
Countries with which Honduras is a friend and foe
Read: 31