The Honduras revenue administration (SAR) has announced the progressive individual income tax brackets and rates with effect from 1 January 2020: up to HNL 165,482.06 - 0% HNL 165,482.07 up to 252,330.80 - 15% HNL 252,330.81 up to 586,815.84 - 20% HNL 586,815.85 and over - 25% In addition to the brackets/rates, the monthly salary exemption has been set at HNL 17,123.50 for 2020.