Monotax: its elimination and the new creation of a simple regime

The director of the Dian, José Andrés Romero, catalogued the results of the monotributo as a failure, since out of the 500,000 possible beneficiaries, only 12 beneficiaries have complied with the requirements.

“The monotributo did not work. We are going to remove it and create a simple regime that serves small and medium-sized companies in the country. A regime that forces those companies to do everything electronically, in a simple and easy way through a system that is affordable. That they pay a gross income tax and that’s it. When paying the gross income tax, income tax, consumption tax, ICA, pensions and social contributions should be included”, explained Romero.

Individuals, retail traders, who have establishments with an area less than or equal to 50 square meters and gross income between 46 and 116 million pesos in 2018, have access to the single tax. The creation of the “simple regime” would be presented within the tax reform to be presented by the Duque Government.

“The businessman is simply going to be able to pay his taxes through a fixed percentage on the basis of his income, which he will be able to liquidate monthly”, expressed….

Source: Actualícese