Who is already being affected by the new tax scenario?

The effects of the tax reform, Law 2277 of 2022, are already beginning to be reflected in certain economic sectors.

He explains that this only begins to apply to income tax returns for the taxable year that began in January, but thanks to withholding taxes on salaries, its effect is already being felt in the pockets of the sandwich class.

He makes this statement in his column La clase sánduche published in Portafolio. This class “only counts to pay taxes on their labor income, because they do not receive State subsidies, they do not have unions, but they are subject to high income tax rates”.

In a country like Colombia, where more than half of the wage earners earn less than the minimum wage, very few are able to enjoy a reasonably decent lifestyle, product of the income from their work.

In any society, it is inevitable to observe the cost-benefit ratio of taxes. The sandwich class has to pay for all the services it uses.

Ayala further explains that exclusive labor rents do not enjoy reserves or provisions necessary to recover the value of the rent-producing asset, which permanently suffers depreciation, oblivion and depletion, as is recognized in capital rents.

Source: Actualize.

Reforma tributaria: ¿quiénes ya se están viendo afectados por el nuevo escenario fiscal?