As a proposal that is inconvenient for the economy and that encourages informality, he described the Federation of Real Estate Fairs (Fedelonjas) the idea of the new government to include in the tax reform the VAT real estate transactions in excess of $960 million.
Karina ReyesFedelonjas chairman, argued that “taxing real estate transactions with VAT is very inconvenient because it slows down the dynamics of the construction chain and encourages informality and tax evasion.”
He explained that taxing real estate with VAT of more than $960 million It will also contribute to making new VIS projects and infrastructure works more expensive, as the land on which these works will be built has an impact on prices.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
