El Salvador: Less Taxes, More Stock Exchange Transactions

Lowering the tax on transactions for non-domiciled investors from 20% to 3% had a positive effect on the performance of the stock market in 2015, which grew by 6% compared to 2014.
The forecast made by Rolando Duarte, president of the Stock Exchange of El Salvador (BVES), is that this type of investment will continue to grow, thanks to the incentive which was first implemented in 2015. 

The announcement was made during the presentation of results of the Exchange whose market figures for 2015 reported an increase of 6.08% over 2014, 5 points higher than the growth reported in 2014 compared to 2013, which was 1% . The total volume traded in 2015 was $3.816 million.

Source: centralamericadata.com