AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 23 December 2010, El Salvador via Decree 565, announced its decision to eliminate the 6% export drawback rate from 1 February 2011.
This drawback rate was initially established via the 1990 Export Reactivation Law (Decree 460) which enabled firms to apply for tax rebates ("drawbacks") of 6% of the FOB value of manufactured or processed exports shipped outside the Central American Common Market area.
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