Tax Reform: national government would withdraw some items

With the modifications that would be proposed, the Government would already be looking for a collection of between 18 and 20 billion pesos. No to VAT on public services.

The Vice Minister of Finance, Juan Alberto Londoño, assured today in La FM that the reform will continue its course in the debates of the Congress of the Republic, but consensus would be sought to reach a middle ground.

Londoño assured that the Government would already be willing to collect at least between $18 and $20 billion, since, according to Londoño, this is the money the country needs.

“The more they ask us to cut, the less will be the social programs, that is why we are going for those $23 billion to have those resources for the programs. The message is let’s look for sources, because the less sources we have, the less social programs we will have,” said Londoño.

On the VAT for public services, Londoño assured that seeing that no political party agrees and that they will not support a reform containing this article, they are willing to give in and remove it from the articles. “One issue that I can announce is that we saw that all parties would not support a VAT on public services and it is no longer going,” said Londoño.

He also explained that it is necessary to make an adjustment to the fiscal rule, because if this is not done, next year’s budget will be affected by an “abysmal” cut.

Source: Actualícese