#ElSalvador 🇸🇻 #BDS_LaborAlert: Tax Exemption for Bonuses up to $1,500
The Legislative Assembly has approved a measure aimed at exempting from taxes bonuses that do not...
The Honduran authorities have recently announced the updated Educational Bonus Table, aiming to ensure greater transparency in the amounts and criteria for allocating this benefit. This measure is intended to optimize resource distribution to support families with children enrolled in kindergarten, primary, and secondary education, ensuring that the bonus reaches those who truly need it.
Key Aspects of the Update
- Transparency and Equity
- The new table establishes adjusted amounts, taking into account the time worked by beneficiaries and the established income caps (maximum of two minimum wages).
- Focus on Education
- The bonus remains an annual payment, disbursed after the first quarterly evaluation of students. The updated calculation emphasizes a more equitable and proportional approach.
- Family Benefit
- The update ratifies that the payment is allocated per family, without increasing the amount based on the number of children enrolled.
This publication underscores the government's commitment to strengthening access to education while alleviating the financial burden on vulnerable families. Interested parties are encouraged to familiarize themselves with the updated criteria and requirements to take advantage of this benefit.
The attached table specifies the applicable bonus amounts for private companies with 16 or more employees and public institutions.
