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October 6, 2022
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Tax reform: the amount that certain workers have to enlist in income tax

Tax reform: the amount that certain workers have to enlist in income tax

After various discussions and modifications, the tax reform before him Congress of the republicwith the aim of collecting $22 billion.

One of the modifications that the article had had to do with the taxes that people with a salary of $10 million will have to pay or more, including income tax.

Although at first it was planned that this tax would be $6.3 million, in the new modifications it was established that it will finally be $1.9 million a month that people with this salary would have to pay, taking into account the limitation to some benefits, as detailed The Republic newspaper.

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On the other hand, the new tax reform indicates that taxpayers can have up to four dependents to apply for deductions in the income statement and for each one they can deduct up to 72 UVT, about $2.7 million.

It must be taken into account that one of the main criticisms of the Minister of Finance to the collection of taxes is the exemptions to which it can be applied, such as the fact that several people did not have to pay income tax or left with balances in favor before the Dian.

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One of these deductions had to do with the one made by parents of adolescents of academic age (18 to 23 years old). These people could previously have a discount of up to $14 million in taxes, but with the new article, this value would be reduced to $10 million.

Meanwhile, this Thursday the debate will begin on the project filed with the modifications discussed, in which, in addition to income tax, occasional profits, dividends, wealth tax and the income surcharge will be discussed.

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