The Committee for Economic Development of the National Assembly was appointed on December 14 at 6:30 p.m. to begin the debate and preparation of the report for the second and final debate on the Organic Bill on Economic Efficiency and Employment, whose parliamentary approval expires. December 27.

At the beginning of the session, the president of the Commission for Economic Development, Valentina Centeno, announced the modality of work and said that twelve people, including legislators, would appear for remarks, and after that there would be a break to collect the final texts, and then the document would be approved so that it would be known on plenary session.

The Vice President of the Commission Blasco Luna (RC) pointed out that before the preparation of the report and the subsequent approval, all the observations presented at the plenary session and those presented at the committee session must be collected.

Before the session, Centeno clarified that the main objection to Article 23 of the project proposed by the Executive Power is that it is clear that only the renegotiation of the debt is proposed, but not the touching of reserve funds, so the state is given the opportunity to renegotiate the debt.

Daniel Noboa’s first discussion on commercial law focused on tax forgiveness

In debt forgiveness, interest and penalties will be forgiven for young people who have student loans, which will free more than 18,000 young people whose doors are currently closed because they are at the center of risk, but also more than 1.8 million popular companies that could not pay the single tax on income due to Rimpe.

He explained that there is no amnesty for big businessmen, but there is a self-deduction for big taxpayers, which is a monthly income tax, but it was no longer changed to 3 percent, but sectorization was done according to the effective tax rate. , this means that depending on the contribution capacity of each of the sectors.

Another observation that will be included in the report, Centeno added, is that the release of fines, interest and additional fees to SRI will first be an exceptional and temporary measure, but the temporary nature is still being discussed. What the Government is proposing is that this pardon be applied only on this occasion and perhaps on another occasion; and those who have already registered will also be able to do so.

He reminded that these are the only measures that will enable the state to collect, because the state has only 184 million dollars in the single treasury account with a fiscal deficit of more than 5,000 million dollars. It is a bill that does not imply a large package, because it does not touch the pockets of Ecuadorians and does not raise taxes, but rather an exceptional and temporary measure is requested, the government representative pointed out.