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The Income tax rates and personal allowances in Honduras are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Honduras Tax Calculator 2020.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from $ 0.000.00 | to | $ 198,995.06 |
| 15% | Income from $ 198,995.07 | to | $ 242,439.28 |
| 20% | Income from $ 242,439.29 | to | $ 563,812.30 |
| 25% | Income from $ 563,812.31 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from $ 0.000.00 | to | $ 198,995.06 |
| 15% | Income from $ 198,995.07 | to | $ 242,439.28 |
| 20% | Income from $ 242,439.29 | to | $ 563,812.30 |
| 25% | Income from $ 563,812.31 | and above | |
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Honduras periodically and typically updated each year. Not that not all tax rates and thresholds in Honduras change annually, alterations to tax policy to support strategic economic growth in Honduras mean that the certain areas may be focused on to provide specific tax relief in Honduras or support growth in certain areas (overseas invstment in Honduras for example may mean reduced non-resident income tax rates in Honduras for a period).
When tax policy in Honduras changes, the resultant tax tables also change. Tax tables in Honduras are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Honduras, the Honduras tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Honduras for example).
Honduras Tax Tables may also be referred to as Honduras Tax Slabs, Honduras personal allowances and tax thresholds or Honduras business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2020 tax rates and thresholds used within the 2020 Honduras Salary Calculator. This means that if you are aware of a 2020 tax exemption or 2020 tax allowance in Honduras that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Honduras Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Honduras Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Honduras simple, we achieve this my making the Honduras tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2020 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2020 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Honduras income tax rates and personal allowances used in the associated income tax calculator for the same tax year.