Taxation in Honduras

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People in the UK earning more than £150,000 a year, and also pay into pensions, attract tax relief averaging £12,000 annually. This compares with just hundreds of pounds for the typical pension saver.

The Inter-American Development Bank (IDB) approved $45.8 million in financing to support Honduras’ fiscal reform, which seeks to bolster macroeconomic stability and restore sustainable growth by modernizing the tax system and improving state utility revenues.

The Executive Board of the International Monetary Fund (IMF) approved financing for an 18-month program for Honduras in the amount of SDR 129.5 million (about US$201.8 million) to support the country’s efforts to restore macroeconomic stability and advance economic reforms consistent with Honduras’s poverty reduction and growth objectives.