Congress enlists more tax benefits with tax damage for this 2025

This week ordinary activities will resume in the Congress And the Economy Commission will be one of the protagonists, without a doubt. After 2024 with questions for various norms that promote tax benefits and initiatives that affect the fiscal balance, the working group chaired by the parliamentarian Ilich López enlista the approach of more controversial law.

In conversation with this medium, the Popular Action Legislator announced that it will affect the elimination of interest rates in the financial system in second vote. In addition, it will promote the democratization of credit through the patrimonial strengthening of the municipal boxes, as well as other measures to “lower taxes expanding the tax base”.

Precisely, Parliament closed functions last year giving green light to a series of tax benefits that will impact the country’s income. And this trend could continue this year, taking into account the proximity of the electoral process, according to former Minister of Economy Pedro Francke.

“There is a risk that more tax exemptions approve. In addition, it seems that on the part of the new Minister of Economy there is no attitude of defense of fiscal balance, beyond the ads that he can make. It is more permissive against this type of harmful attitudes of Congress“He emphasized.

More tax benefits

One of the pending tasks of this Congress is to resolve the second vote of the Framework Law for the implementation of Private Special Economic Zones (ZEEP), whose operators would have an income tax rate of 0% during the first five years. According to the president of the Economy Commission, his management seeks that in the new reconsideration text the creation of eight ZEEP, such as Chancay, Ancón, Huaral and others, is included.

For Juan Carlos Odar, director of Phase Consultores, this type of incentives would work better in regions where the investment is more distress and there is no employment growth. For his part, Pedro Francke, described this measure as a tax gift that does not guarantee investment attraction.

In addition, he warned about another legislative proposal that would generate damage to the state coffers of up to S/20,000 million in 10 years.

This is the well -known Chlimper law that seeks to reduce the income tax rate to 15% for large agro -export companies, when it should be 29.5%. The opinion of the Agrarian Commission is pending debate in the plenary and has been supported by the current Minister of Economy José Salardi.

This turn in the position of the MEF, which previously questioned the fiscal cost of this rule, is positive for Ilich López. However, it notes that complementary measures are needed to promote technological transfer and operate productive chains in favor of micro and small entrepreneurs.

Both Odar and Francke agree that it is not efficient to restore a tax benefit to this sector because it does not need it. In addition to this, the former MEF was summoned to Minister Salardi to clarify the position of his portfolio, taking into account the previous technical report that was shown against this measure.

AFP and CTS retreats

Since the beginning of the year, Congressmen of Peru Libre, Podemos and the Magisterial Block have been presenting various law initiatives to impose a new retirement from AFPs, under the argument of granting liquidity to citizens to mitigate the adverse effects of the rise in the rise of the cost of living and the economic uncertainty that the country is experiencing.

Regarding this issue, the Superintendence of Banking, Insurance and AFP (SBS) estimated that around S/27,000 million came out in the seventh withdrawal of private pension funds. In addition, the current Minister of Economy and Finance (MEF), José Salardi, told a media that the objective of this type of initiatives could be understood during the pandemic. However, they did not stop over the years and bring damage to workers in the long term.

Although Ilich López points out that the prioritization of this type of law initiatives will be evaluated, it does not spare that their colleagues “seek ephemeral applause” as part of a political strategy that points to the coming elections.

For Pedro Francke, it is inconsistent that Congress has approved a pension reform that prohibits the total or partial withdrawal of the funds accumulated in the AFPwhile promoting new projects to restore this faculty that had the affiliates to the private pension system until last year.

“If congressmen believe that the AFP system really must disappear, that they raise a reform seriously. But do not continue playing with this immediate response, short -term. In an emergency it was justifiable, but it is not necessary to continue with measures without any alternative or vision of the pension system. He is populist, ”he emphasized.

To the four AFP retirement bill, you have to add about 13 proposals to release savings in service time compensation accounts (CTS). For the most part, the congressmen of Podemos, Magisterial Block, Socialist Bank, Popular Democratic Block and Alliance for Progress support these approaches.

According to SBS data, about S/13,848 million left the accounts of the CTS in the four years that the withdrawals of these savings were implemented. Despite the denaturation of the essential purpose of this unemployment insurance, parliamentarians argue reasons for economic insolvency by the poorest families, which you need immediate resources.

The president of the Labor Commission herself, Elva Julón, has an initiative for workers diagnosed with terminal diseases or cancer to access a retreat CTSthe times they consider it pertinent. On this, Ilich López described as a noble the proposal of the legislator and considered feasible the possibility of assessing that this type of beneficiaries can use their money saved to carry a specialized treatment.

“This is a test for the new minister. The previous one had practically said that there are fights that are not going to win; So why do them? Now, it remains to see if the new management recovers the ability to have initiatives that mark the court and do not follow the legislative agenda, ”said Juan Carlos Odar.

Repeal interest rates

The ratification of the opinion that eliminates the Tops of interest rates in the financial system It is pending resolution in Parliament. According to Ilich López, the March 2021 standard generated a favorable ecosystem to extortionists and the loans ‘drop by drop’.

However, Pedro Francke emphasizes that other complementary measures are needed to promote competition and defend the interests of consumers in front of the financial system, before giving more facilities to the owners of the great banks.

Congress projects and its fiscal impact

• For this year, Minister José Salardi expects the fiscal deficit to be reduced from 3.6% to 2.2%. Certain factors such as the growth of the economy and the regularization of income tax could contribute to a fiscal improvement that should be underpinned with moderation in the execution of public spending. However, its decrease would reach 2.6% of GDP, notes Juan Carlos Odar.
• “A risk is these Congress initiatives that can reduce collection and that would be noticed not this year, but there. The government should not sell as a great success the reduction of the deficit, but to work to prevent it from rising again in 2026 “.