On 23 September 2024, the Legislative Assembly of El Salvador approved a new incentive for real estate projects that include the construction of high-rise buildings with a height of at least 35 floors. The incentive is in the form of a 15-year income tax exemption for investors in qualifying real estate projects. This incentive is available to individuals, legal entities, and associations, regardless of their residence status, engaging in various real estate activities, including sales, rentals for tourism or commercial purposes, and construction services. To access the incentive, investors must apply to the General Directorate of Internal Taxes within the...