Micro, small and medium-sized enterprises They join the voices of concern about the tax reform that the Government submitted to the Congress of the Republic.
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The Colombian Association of Micro, Small and Medium Enterprises – Acopi, called for a detailed review and careful debate of the Draft General National Budget Law for 2025.
This, as he stated“among other reasons, because it includes a financing law, which technically and practically is a tax reform, which would increase the tax burdens of the national MSME sector.”
In a statement, the union He exposes, one by one, the aspects that cause him the greatest concern..
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In this sense, for example, it indicates that “Certainly this project, with its Financing Law or Tax Reform, recognizes and proposes a reduction and differentiation of the nominal income rate. to companies; which is positive and reflects the proposal that has been led by Acopi for more than eight years, as it contributes to the liquidity and competitiveness of micro-entrepreneurs.”
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However, he explains, “With the current wording of the law, small and medium-sized businesses, which in all fairness should be included, are excluded from this benefit.”
In the face of the Simple Tax Regime, another sensitive issue for small businesses, Acopi states that “There are no conclusive results in academic research regarding whether it meets its objective of formalization. ACOPI has indicated that it does not contradict the differential tariff and that, for the sake of discussion, the RST may be functional to the initial process of formalization (transitional), but it does not replace the ordinary regime.”.
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In its statement, the union also describes the modification of the fiscal rule as ‘worrying’ proposed by the project, as well as the introduction of the green component arguing that “they could increase the country’s level of indebtedness and therefore the fiscal deficit. In addition, it can be seen as a negative signal on the path to correcting the deficit.”
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“At Acopi, among other issues, we see it necessary to review the consistency of this Financing Law with the Medium-Term Fiscal Framework. The Budget Project generates an increase in the nation’s tax revenues of 22.5%. This is more than 10 times the projected growth of the economy for this year.”the union warns.
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“In conclusion, this reform contains a considerable increase in costs for the development of economic activity and this, added to the increase in energy costs that entrepreneurs will suffer, derived from the increase in the carbon tax, and the economic impact that the Labor Reform will entail, puts the financial future of Colombian micro, small and medium-sized companies at risk.”Acopi pointed out.
