The businessmen, industrialists and merchants of the country, members of the Andi and Fenalco, rejected the proposal made by the National Government of modify, via decree, retention rates at the source And they ensure that this would be a “Disguised Tax Reform”.
(Read: Increase adventting income to companies, via to cut box).
According to Jaime Alberto Cabal, president of Fenalco, with this the Decree of the Ministry of Finance on the Rates of Self -Retention and Minimum Bases to practice withholding at the source, which is in public consultation, “The Government uncovers its letters to ensure resources for the 2026 elections and proposes a tax reform disguised, desperate and shameless; that would add to the 160 billion pesos in reserves and fiducias and 8.6 billion without executing”.
For the spokesman of the merchants, this project, which seeks to subtract resources from the pocket of Colombians who work and produce affecting their savings, investment and consumption is an act of irresponsibility and will leave the “RASPADA OL”.
(See: Petro will decree economic emergency due to yellow fever: Is Bogotá at risk?).
“It is equivalent to asking for a loan to continue spending inefficiently and leaving the country with poor public management, indebted and without liquidity,”added Cabal.
For his part, Bruce Mac Master, president of the ANDI, said that increasing this year’s income tax withholdings, against the incoming year tax, to finance the National Central Government “Apply the expense, prevents having a correct public traceability and does not allow to know the real state of finance, affecting the planning of spending and new projects”.
For the union leader this initiative “It is inconvenient for the country, as it would affect the liquidity of companies that already cross a sustained fall in production and sales”.
According to Bruce Mac Master, The situation of the industry is already complex and this would further aggravate the country’s economic activity.
Retention at the source
Photo: Istock
(Here: Rise in self -retention gives immediate relief but generates fiscal risk in 2026).
“The situation for industrialists and workers in the country is very complex. The figures revealed by the DANE today indicate that the real production of the manufacturing industry fell into -1.2% in February 2025 in front of a drop already recorded in the same month of 2024. In this way almost two years are completed with negative figures in this indicator. However, it is known that the productive sector must pay an anticipated income tax exceeding this expected income. year.Mac Master concluded.
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