Honduras Tax Tables 2024 - Tax Rates and Thresholds in Honduras
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This page contains the tax table information used for the calculation of tax and payroll deductions in Honduras in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ HN, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Honduras or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Honduras Personal Income Tax Tables in 2024
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 2024.
Honduras Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Income from $ 0.000.00 | to | $ 199,039.47 |
15% | Income from $ 199,039.48 | to | $ 303,499.90 |
20% | Income from $ 303,499.91 | to | $ 705,813.76 |
25% | Income from $ 705,813.77 | | and above |
Honduras Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Income from $ 0.000.00 | to | $ 199,039.47 |
15% | Income from $ 199,039.48 | to | $ 303,499.90 |
20% | Income from $ 303,499.91 | to | $ 705,813.76 |
25% | Income from $ 705,813.77 | | and above |
Honduras Municipal Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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1.5% | Income from $ 0.000.00 | to | $ 5,000.00 |
2% | Income from $ 5,000.01 | to | $ 10,000.00 |
2.5% | Income from $ 10,000.01 | to | $ 20,000.00 |
3% | Income from $ 20,000.01 | to | $ 30,000.00 |
3.5% | Income from $ 30,000.01 | to | $ 50,000.00 |
3.75% | Income from $ 50,000.01 | to | $ 75,000.00 |
4% | Income from $ 75,000.01 | to | $ 100,000.00 |
5% | Income from $ 100,000.01 | to | $ 150,000.00 |
5.25% | Income from $ 150,000.01 | | and above |
In Honduras, social security deductions made by employees are not deductible from their gross income for the purpose of calculating taxable income. This means that the contributions towards social security are taken from the employee's income after the application of income tax. As a result, these social security contributions do not reduce the taxable income of employees in Honduras and do not impact the calculation of their income tax liabilities.
Honduras Social Security and Payroll Deduction Rates in 2024
In Honduras, the social security system is funded through contributions from both employees and employers. This system is designed to provide a range of benefits to the workforce, covering various aspects of social welfare.
Honduras Social Security in 2024: Rates for Employers and EmployeesCategory | Employee | Employer | Total |
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Sickness and Maternity | 2.5% | 0% | 2.5% |
Disability, Old Age, Death | 2.5% | 3.5% | 6% |
Pension Regimen de Aportaciones Privadas (RAP) | 1.5% | 1.5% | 3% |
Collective Capitalization pillar | 1.6% | 2.6% | 4.2% |
Healthcare (IHSS) | % | 5% | 5% |
Labor coverage insurance | % | 4% | 4% |
Honduras Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Sickness and Maternity | n/a | $ 10,342.19 | n/a | n/a |
Disability, Old Age, Death | n/a | $ 10,796.49 | n/a | $ 10,796.49 |
Pension Regimen de Aportaciones Privadas (RAP) | n/a | n/a | n/a | n/a |
Collective Capitalization pillar | n/a | n/a | n/a | n/a |
Healthcare (IHSS) | n/a | n/a | n/a | n/a |
Labor coverage insurance | n/a | n/a | n/a | n/a |
The main components of social security in Honduras include:
- Pension Fund: Contributions to the pension fund are designed to provide retirement benefits, ensuring financial support for employees in their later years.
- Healthcare Services: Part of the social security contributions is allocated to healthcare, providing medical care and hospital services to employees and their families.
- Occupational Risk Insurance: This component offers protection to employees who suffer from work-related accidents or illnesses, covering medical expenses and providing compensation during recovery.
- Maternity and Family Benefits: Contributions also support maternity leave benefits and provide assistance for families, ensuring the well-being of employees and their dependents.
Employers in Honduras are required to contribute a larger percentage towards social security compared to employees, reflecting a shared responsibility for the welfare of the workforce. These contributions are essential in maintaining a stable and secure social system, providing crucial support to employees and their families.
Honduras VAT Rates in 2024
VAT rates for Honduras are reviewed annually, you can use the VAT Calculator to calculate VAT due in Honduras or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Honduras VAT RatesVAT Rate | VAT Description |
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15% | Standard Rate |
18% | Higher Rate: alcohol; tobacco; fizzy drinks |
Historic Tax Tables supported for Honduras
The following tax tables are supported by iCalculator™ HN as part of the suite of free tax tools we provide for Honduras.