The Social Security Rate For Companies in El Salvador stands at 7 percent. Social Security Rate For Companies in El Salvador averaged 7.41 percent from 2009 until 2019, reaching an all time high of 7.50 percent in 2010 and a record low of 7 percent in 2018.

Social Security Rate For Companies in El Salvador is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador Social Security Rate For Companies is projected to trend around 7.00 percent in 2020, according to our econometric models.

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El Salvador Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 7.50 7.00 2009 - 2019 percent Yearly


El Salvador Social Security Rate For Companies
In El Salvador, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of El Salvador because they help to pay for many social programs including welfare, health care and many other benefits.

El Salvador Taxes Last Previous Highest Lowest Unit
Personal Income Tax Rate 30.00 30.00 30.00 30.00 percent [+]
Corporate Tax Rate 30.00 30.00 30.00 30.00 percent [+]
Sales Tax Rate 13.00 13.00 13.00 13.00 percent [+]
Social Security Rate 10.00 10.00 10.50 10.00 percent [+]
Social Security Rate For Companies 7.00 7.00 7.50 7.00 percent [+]
Social Security Rate For Employees 3.00 3.00 3.00 3.00 percent [+]