The Honduras revenue administration (SAR) has announced the progressive individual income tax brackets and rates with effect from 1 January 2020:

• up to HNL 165,482.06 - 0%
• HNL 165,482.07 up to 252,330.80 - 15%
• HNL 252,330.81 up to 586,815.84 - 20%
• HNL 586,815.85 and over - 25%

In addition to the brackets/rates, the monthly salary exemption has been set at HNL 17,123.50 for 2020.