Executive requested powers to Congress to legislate on tax, fiscal, financial and economic reactivation matters

The Executive Power presented this morning the bill that delegates them powers to legislate in tax, fiscal, financial and economic reactivation matters for a period of 120 days.

What is sought with this project is to strengthen the action of the Executive Power in matters of economic and tax management, to contribute to closing priority social gaps for access to programs and / or public services provided by the State.

In tax and fiscal matters, the Executive seeks to simplify compliance with the obligations of taxpayers; increase collection, through the expansion of the tax base, modification of tax rates, greater simplicity and better control and collection processes, and the rationalization of tax benefits. It will also seek to improve consumption taxes.

Regarding income tax, the Executive plans to perfect its regulation, structure and administration; as well as adapting the regulations to the recommendations of the Organization for Economic Cooperation and Development (OECD).

Meanwhile, in financial matters, it will seek to dictate measures to strengthen the Banco de la Nación so that it can grant direct and indirect financing to the mypes and beneficiaries of social programs.

In terms of economic reactivation, the legal framework of the Works for Taxes mechanism will be modified to expand its sources of financing and scope to include the IOARR, the IOARR of the State of National Emergency, as well as the operation and maintenance activities in order to ensure and promote its use at all levels of government, with special emphasis on regional and local governments.

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