The tax return has been submitted for the first debate

The tax return has been submitted for the first debate

After nearly two months of discussions with congressmen and socializations with unions, businessmen, the media and citizens in general, the government and congressmen from the House and Senate’s third committees reached an agreement on Tuesday to approve the text of the document. the first debate on tax reform.

The Minister of Finance and Public Credit, José Antonio Ocampo, specified that the target of the collection will be $22 billion and that “with this reform, Colombia will finally achieve the tax as a percentage of the gross domestic product of a Latin American country.”

“Taxes on oil and coal exports were abolished and replaced by two schemes: the non-deductibility of royalties was restored and the export tax was replaced by a surcharge on the income tax on oil and coal companies, equal in the first year to 10%. , 7.5% in the second and 5% in the third,” the minhacienda said.

Source: El heraldo

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