On 29 September 2023, El Salvador's Ministry of Finance published a new General Guide on preferential tax regimes (tax havens), which includes the list of jurisdictions and territories that are considered tax havens for tax purposes for the 2024 fiscal year, including low and no-tax jurisdictions/territories. In general, 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 preferential tax regime will be subject to increased withholding, but not the jurisdiction as a whole. In addition to the increased withholding, other impacts include...