The Economic Commission established a change in the amount of the monthly salary of those who will have to pay more income tax.
With seven votes in favor and one against the Economic Development Commission of the National Assembly approved the report for second debate of the Organic Law for Economic Development and Fiscal Sustainability, after the Covid-19 pandemic, known as the tax reform.
On Tuesday, November 16, 2021, the project promoted by the president, Guillermo Lasso, the first debate passed.
Central points
The technical team has identified the central issues that marked the debate:
Tax table: The amount of salary that will be taken into account so that natural persons pay more income tax. The report for the first debate of the Assembly proposed that it be for those who earn from $ 2,500 per month, who would pay plus income tax. However, the second debate report approved by the Commission established that it is from $ 2,600.
It is our responsibility as assembly members, as members of this Commission, to create a responsible report. I think we should work immediately on the investment law, that will give more hope to entrepreneurs, investors, and the people, he says. @DanielNoboaOk
– National Assembly (@AsntaciónEcuador) November 19, 2021
Tax elimination: The report includes the VAT proposal for diapers and feminine hygiene products such as sanitary towels. The Commission eliminated the Executive’s proposal for the tax for Occasional alienation of real estate.
How was the vote?
- In favor: Wilma Andrade (ID); and Francisco Jiménez, Diana Pesdamientos and Nathalia Arias (CREO); Cristian Yucailla (Pachakutik); Daniel Noboa and John Vinueza (independent).
- Against: Carlos Zambrano, from the UNES correista movement. (AVV)
FACT: The term for the treatment of the tax reform expires on November 27, 2021.
