The legislative blocks internally discuss the position they will assume during the second debate of the Fiscal Development and Sustainability project.
The National Assembly will try to approve, this Wednesday, November 24, the urgent project in economic matters on Development and Fiscal Sustainability, which establishes the temporary contribution to the patrimony of natural persons and the patrimony of societies.
The percentage that the National Assembly finally decides on these contributions is subject to consultation in each political sector entitled to vote, since at least 70 votes in favor are needed for the approval of the project; when the Government, with allies, has 25 seats. The deadline for approval is November 27.
The report for the second debate on the tax reform was approved
The debate focuses on the amount of income tax (IR) for individuals and temporary contributions from individuals and companies.
The commission determined that, in the first case, the increase in the IR payment will be for those who earn more than $ 2,600 per month, and that they could apply a deductible for personal expenses of up to $ 10,000 per year.
On the other hand, the contribution on equity would be from $ 1 million for natural persons, from $ 2 million for conjugal partnerships, and $ 4 million for companies, according to a contribution table.
Legislator Francisco Jiménez (CREO), who will be the speaker of the project in plenary session, stressed that there are possibilities of reaching the votes there despite the complexities of its content; that no position is irreversible, as the Government has shown flexibility throughout the debate.
He recalled that in the payment of the IR of the people, it was initially proposed that it be set from those who earn $ 2,000 per month, but that in the first debate $ 2,600 was put, with the purpose of not affecting the tax culture.
The Democratic Left (ID) does not renounce the possibility that in the plenary session of the National Assembly the base of the IR of the people is raised to $ 3,500, said legislator Wilma Andrade, although her vote contributed to the approval of the report for the second debate, which states that the base is $ 2,600.
The ID, Andrade reiterated, will continue to work in plenary session so that this tax base is raised in order to protect the middle class, and also on the issue of deductions. These are two issues that must reach agreements prior to the vote, where the Executive also participates to avoid the veto.
Regarding the patrimonial contributions, he said that there is concern in the livestock and agricultural sector, because the Executive proposes that the natural personal that have $ 1.5 million should make an annual contribution of $ 20,000; This constitutes a blow to the agricultural and livestock sector, which is why it is being considered that there are deductions for these two sectors, as well as in the tourism sector.
Jiménez said that the talks with other benches are progressing well. It is expected to have a more defined criterion on what will be the final text of the plenary session for Wednesday.
He clarified that nothing is irreversible in the project, that the government sector is not closed to the band, but there must be a balance in the project under discussion, and that is related to the objectives of economic reactivation and the ordering of public finances Since Ecuador needs to build a permanent income panorama that allows it to cover its permanent social spending.
The Union for Hope (UNES) bench, meanwhile, presented a minority report in which it questions the Executive’s approach to the higher IR payment for people who earn more than $ 2,500 per month, and that has been located $ 10,000 is the ceiling for deductions for personal expenses, which in his opinion discourages the tax culture and consequently is a setback. (I)
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