This Monday a the first negative presentation to the tax reform promoted by the Petro government. The initiative is presented considering that what is also known as the financing law is ‘inconvenient’ in the current economic context.
The text of the presentation states that “The economic situation of the country is complex.” In particular, they consider that after the hiring that was registered in 2023, the Gross Domestic Product (GDP) “has shown a slow and uneven recovery.”
Likewise, he emphasizes that sectors, such as the public, They are already beginning to feel the restrictions of the cuts Government budgets.
Among other things, the presentation points out that although the bill seeks to reduce the corporate income rate starting in 2025 and differentially according to your net taxable incomealso extends the wealth tax for legal entities.
(See: ‘It’s the most irresponsible thing I’ve ever seen’: Katherine Miranda, on SGP reform)
Colombian money
(Read more: Financing law would be left with no other option than to go to extraordinary sessions)
In the same way, the minimum income rate is increased to 20% and the simple tax is eliminated, thus compensating the decrease, on the one hand, with the increase and, on the other, leading to the effective tax rate being maintained and, in some cases, it increases.
The representative of the Democratic Center, Christian Munir Garcés, pointed out that this type of approach could in the long run “scare” investment and make companies less competitive.
It should be remembered that the financing law aims to raise 12 billion pesos to balance the General Budget of the Nation (PGN) for 2025.
(Read more: Quota for works due to taxes, in suspense due to cash squeezes)
PORTFOLIO
*With information from EL TIEMPO – ECONOMÍA
