On 17 April 2015, the Supreme Court of Justice of El Salvador ruled that the country's minimum corporate income tax of 1% on net assets is unconstitutional. The minimum tax was adopted in 2014 as a replacement to the minimum tax based on sales, which was ruled unconstitutional in 2013. The net assets based minimum tax was payable if the amount resulting from 1% of net assets was greater than the amount of tax determined using the standard corporate tax rules.
The Court's ruling is final and …