According to recent reports, on 12 November 2015, El Salvador's National Assembly adopted an amendment that reduces the withholding tax rate for income derived by non-residents from securities traded on the Salvadorian Stock Exchange. Under the amendment, the withholding tax rate for any income derived from such securities is reduced from 20% to 3%. Although uncertain at this point, it is likely that the reduced rate will not apply for non-residents domiciled in a tax haven, which are general…