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October 23, 2022
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Tax: how much would each pensioner have to pay according to their allowance?

Tax: how much would each pensioner have to pay according to their allowance?

The pension taxes are one of the main concerns generated by the tax reform proposed by the Petro government.

(Details of the pension proposal presented by Asofondos).

The bill determines that people who receive an allowance of $10 million or more would begin to pay tax. Today, pensions of $38 million are exempt.

In fact, according to the director of the Directorate of National Taxes and Customs (Dian), Luis Carlos Reyes, 1.6 of the 7 million older adults have a pension and few pensioners earn more than $10 million in Colombia. .

The Fiscal Observatory of the Javeriana University calculated how much people who only receive pension income would have to start paying in taxes, from one million to $25 million. In addition, exempt income and health payments were taken into account to estimate the tax base on which the tax would apply.

(Tax exemptions in construction will continue, informed the Government).

The results showed that the tax rate would be progressive, that is, It starts at 1% for those who have an $11 million pension, up to 14% for those who receive an allowance of $25 million.

Thus, a person who receives $11 million would pay Dian about $106,218 a month. And whoever has an allowance of $15 million will be charged a 6% rate and will contribute $968,580 a month.

According to the Observatory, a pensioner who demands $20 million, with a rate of 11%, will pay 2.2 million a month; and the pensioner’s rate of $25 million will be 14%, with which he will have to give Dian $3.5 million a month.

(Tax: the changes in the reform explained by the Minhacienda).

BRIEFCASE
*With information from EL TIEMPO

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