The Honduras revenue administration (SAR) has announced the progressive individual income tax brackets and rates with effect from 1 January 2021:

• up to HNL 172,117.89 - 0%
• HNL 172,117.90 up to 262,449.27 - 15%
• HNL 262,449.28 up to 610,347.16 - 20%
• HNL 610,347.17 and over - 25%

In addition to the brackets/rates, the monthly salary exemption has been set at HNL 17,676.49 for 2021.