On 17 April 2015, the Supreme Court of Justice of El Salvador ruled that the country's minimum corporate income tax of 1% on net assets is unconstitutional. The minimum tax was adopted in 2014 as a replacement to the minimum tax based on sales, which was ruled unconstitutional in 2013. The net assets based minimum tax was payable if the amount resulting from 1% of net assets was greater than the amount of tax determined using the standard corporate tax rules. The Court's ruling is final and is effective as of tax year 2014. Minimum tax payments that have already...