On 16 September 2015, the Salvadoran tax authority issued a revised list of jurisdictions and territories that are considered tax havens for tax purposes for the 2016 tax year (Resolution DG - 001/2015). Payments made to recipients domiciled in a listed jurisdiction/territory are subject to an increased withholding tax of 25%. In certain cases, payments to entities under a particular tax regime will be subject to increased withholding, but not the jurisdiction as a whole. Entities in jurisdictions that are not listed may still be subject to increased withholding if meeting the statutory definition for being deemed a tax haven...