The Social Security Rate For Companies in El Salvador stands at 7 percent.

Social Security Rate For Companies in El Salvador averaged 7.38 percent from 2009 until 2020, reaching an all time high of 7.50 percent in 2010 and a record low of 7 percent in 2018. This page provides - El Salvador Social Security Rate For Companies- actual values, historical data, forecast, chart, statistics, economic calendar and news. El Salvador Social Security Rate For Companies - values, historical data and charts - was last updated on October of 2020.

Social Security Rate For Companies in El Salvador is expected to reach 7.50 percent by the end of 2020, 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 7.50 percent in 2021 and 7.00 percent in 2022, 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 - 2020 percent Yearly

El Salvador Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 30.00 30.00 percent [+]
Personal Income 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 [+]


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.