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October 12, 2022
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Andi asks to review tax before plenary debate

First 'round' of the tax: winners, losers and what was approved

The businessmen who are members of Andi’s General Management Board, who represent more than 1,500 affiliates from different economic and productive sectors throughout the countryincluding entrepreneurs and medium and large companies, called for a conscious evaluation of the Tax Reform.

(Businessmen feel unprotected: this they would pay with taxes).

They also reiterated their commitment to Colombia’s progress. “We want to express our concern about the effects that the tax reform that is being processed in Congress may have, in terms of growth, investment and employment. We see with great concern, in line with what was publicly stated by the President of the Association, the bill approved in the first debates, against which there is a crucial opportunity to correct its errors, thinking about the future of the country and the well-being of the entire population. We are concerned about the effect of this reform on households, their income and families and on the already very high inflation; the withering of the energy mining sector, the increase in prices on products that are part of the family basket; and the legal stability of sectors that have bet on the country; Colombia’s credibility with the world in terms of investment and markets; and the weakening of the country’s capacity to face the crisis that is predicted for next year”.

According to the companies, this is a genuine call to take care of well-being and maintain an ecosystem conducive to generating opportunities and trust that allow both entrepreneurs and companies, as well as their collaborators, families and citizens in general have the conditions to believe and bet on Colombia.

(Concerns and objections of entrepreneurs regarding the tax reform).

“There is no doubt that competitiveness is the great determinant of a country’s progress. Thanks to it, it is possible to export, substitute imports, generate added value and wealth, and above all generate employment and opportunities. Competitiveness is expressed in many dimensions; logistics, infrastructure, paperwork, human talent, taxes and state charges, among others”.

BUSINESSMEN

Esneyder Gutierrez. Archive THE TIME

For companies affiliated with Andi, the current bill generates a great negative impact on the competitiveness of companies and investments in Colombia.

(‘Businessmen represent 80% of income tax collection’: Andi).

“We have the opportunity for it to be corrected in the next presentation and the plenary debates. Likewise, we invite the National Government and Congress to maintain joint work with the business sector unionized in ANDI to achieve a better reform, on which we have already made proposals and will continue to do so, always with the progress of the country, equity and sustainability as a fundamental principle. The business community in Colombia has always been willing to contribute to the economic, social and environmental development of the country, on this occasion we ask to strengthen the democratic dialogue in order to build a reform that allows Colombia to advance along the path of opportunities”.

BRIEFCASE

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