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HN Tax 2024

iCalculator™ HN: Honduras Tax Calculators

Welcome to iCalculator™ HN, your comprehensive suite of free tax calculators for Honduras. iCalculator™ has provided free tax calculators for Honduras since 2019. Since those early days we have extended our resources for Honduras to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Honduras Tax Calculator and salary calculators within our Honduras tax section are based on the latest tax rates published by the Tax Administration in Honduras. In this dedicated Tax Portal for Honduras you can access:

Honduras Tax Calculator 2024/25

The Honduras Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Honduras. This includes calculations for

  1. Employees in Honduras to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Honduras.
Honduras Tax Calculator 2024
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Advanced Honduras Salary Calculator
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Discover Honduras

Honduras is located in Central America, bordered to the west by Guatemala, to the southwest by El Salvador, and to the southeast by Nicaragua. To the north, it has a significant coastline along the Caribbean Sea, while the Pacific Ocean lies to the south at the Gulf of Fonseca. This geographical positioning offers Honduras a diverse landscape, ranging from mountainous regions to coastal plains and rainforests.

The cultural fabric of Honduras is rich and varied, influenced by indigenous peoples, Spanish colonization, and African traditions. This diversity is reflected in the country’s music, dance, cuisine, and festivals. Honduras is renowned for its vibrant folklore, including the Garifuna community, recognized by UNESCO for its unique language, music, and dance. The country also boasts several archaeological treasures, most notably the ancient Mayan city of Copán, a UNESCO World Heritage Site.

Economically, Honduras is primarily driven by agriculture, manufacturing, and services. Agriculture has traditionally been a significant part of the economy, with coffee and bananas being the main exports. In recent years, manufacturing, particularly in the apparel and automotive industries, has grown substantially, fueled by the country’s participation in the Central American Free Trade Agreement (CAFTA) with the United States. Additionally, the services sector, especially tourism, has become increasingly important, with visitors drawn to Honduras’ archaeological sites, tropical rainforests, and Caribbean beaches.

Despite its economic progress, Honduras faces challenges such as political instability, social inequality, and vulnerability to natural disasters. Efforts are ongoing to improve infrastructure, healthcare, and education to ensure sustainable development and a better quality of life for its citizens.

Tax overview of Honduras

The taxation system in Honduras is designed to provide revenue for public services and national development. It includes a range of taxes applicable to individuals and businesses. For individuals, income tax is levied based on a progressive rate structure, where higher earnings are subject to higher tax rates. This system aims to distribute the tax burden fairly according to income levels.

Corporate tax is applied to the profits of businesses operating in Honduras, with specific rules and regulations to ensure compliance and fair taxation. Additionally, Honduras imposes a Value-Added Tax (VAT) on goods and services, which is a significant source of government revenue. The VAT system is designed to be broad-based, affecting a wide range of consumer goods and services.

Other taxes in Honduras include import and export duties, excise taxes on certain products, and real estate taxes. The government continuously works to improve tax collection efficiency and compliance, adapting its tax policies to meet economic and social objectives. For those seeking detailed guidance on tax obligations and planning in Honduras, our resource hub offers comprehensive information. Visit our tax tools and tables section for the latest tax tools and tax tables, providing valuable insights into navigating Honduras's tax environment.