Exit Tax Reduction Announced
Channel: Don Shader - Grumpy Old Gringo
Date: 2023-01-11

The President has announced yesterday that the exit tax will now be reduced to 2%. When I arrived in 2021, the exit tax was 5% which made it difficult for investors that wanted to buy CDs here with the prospect of possibly having to leave the country . A 5% exit would be a heavy hit considering it would reduce your gross earnings from 8% to 3%. 

The “exit” tax will see reductions from 4% to 3.75% in February, to 3.5% in July and to 2% in December.

Sources
https://www.eluniverso.com/?fbclid=IwAR2z2jZ8_fH9_bJ1Otfx7FwAyUWgJmMRmrMm4NP8lWJa1I3Z7RWL4zxgwWs

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