Tax reform: to be submitted after March 23rd

Some of the recommendations of the analysts who participated in the Commission of Experts on Tax Benefits have already been made public.

Although it is expected that the recommendations of the Commission of Experts on Tax Benefits will be known by the middle of the week, the articles of the new tax reform bill will be presented the week of March 23.

The decision would be taken due to the fact that the teams of the Ministry of Finance and the Presidency will be in Barranquilla this week participating in the IDB Assembly, between the 17th and 21st of this month.

Thus, while waiting for the details of the tax project to be known, it is worth mentioning that some of the recommendations of the professors who participated in the Commission have already become known.

Among them are that more people pay income tax in Colombia so that tax rates can be reasonably low and cuts in tax exemptions.

The problem of informality is also highlighted, taking into account that many people are outside the tax system, which, according to the experts, has two consequences: first, they do not pay taxes, and second, they do not receive the benefits provided.

The peremptory deadline is to have it approved before June 20, the day Congress goes into recess.

Source: Actualícese