The government’s proposal to raise value-added tax (VAT) from 12 to 15 percent to generate revenue that will enable it to counter the internal armed conflict fueled by drug-crime changes is being debated in the National Assembly and within the First Report suggests that it be 13% and only temporarily and that banks also contribute based on their profits made in 2022 and 2023 and companies that have had extraordinary profitability.
The Economic Development Commission is meeting this Sunday, January 21, 2024 to approve this report for the first reading of the draft Organic Law to deal with the internal armed conflict, social and economic crisis, and that document has four proposals for additional taxes:
Within the legislative commission, which received more than forty opinions between appearances and written opinions, several arguments that they consider relevant were analyzed:
Source: Eluniverso
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