The Ministry of Economy and Finance (MEF) presented its tax reform and simplification project before the Congress of the Republic, through the publication of bill 6768, which, specifically, promotes the reduction from 4 to 2 regimes. In Peru there are currently 4 tax regimes: New Simplified Single Regime (NRUS), Special Income Tax Regime (RER), MYPE […]
Tag: tax reform
José de Echave: “Neither the Executive nor Congress have the will for a tax reform”
Chili received 2024 with the beginning of a new royalty law for large copper mining, called mining royalty, which will allow it to raise US$1,350 million annually. The measure was presented by President Gabriel Boric and the Senate. De Echave recounts the need to apply a mining tax reform and warns, despite the territorial proximity, […]
Chilean government seeks to revive its tax reform in an adverse scenario
The government of gabriel boric will present for the second time this month a bill to raise taxes in Chiliin line with the proposals of other leftist governments in the region, but which will reach the Congress when the economy remains stagnant and there is a political storm over suspicions of corruption. The deputies rejected […]
Brazil, close to completing a long-awaited tax reform with a broad impact
Brazil is close to completing a long-awaited reform that simplifies its system of taxesa political triumph for the leftist president Luiz Inácio Lula da Silva and a possible boost for the first economy in Latin America. The project, described as “historical” by the government, was approved by the Chamber of Deputies last week and now […]
Ecuador: Constitutional Court gives way to tax reform but refuses to create free zones
The Constitutional Court of Ecuador approved on Friday a bill with a substantial tax reform and denied another that proposed the creation of free zones as poles of economic development in the country. Both were sent by the president William Lassowhich governs from the dissolution of the National Assembly with the counterweight of the highest […]
Ecuador: Lasso signs decree law of the new tax reform after dissolving Parliament
The new tax reform was the first decree law signed by the president of Ecuador, William Lassoafter dissolving the National Assembly (Parliament), with an opposition majority, and bringing forward the general elections. In this way, this document, which extends the ceiling of tax exemptions depending on the number of members of each family, becomes the […]
President of Ecuador presents tax reform project amid political obstacles
The President of Ecuador, William Lassoannounced this Thursday, May 11, a draft tax reform that seeks to reduce the tax burden for middle-income families and popular businesses, in the midst of political instability in the country. Said proposal was sent by the Ecuadorian government to the National Assembly of the same country as a matter […]
Tax reform: successful international seminar
With the purpose of describing the economic panorama given in Colombia, Chile and PeruLa República Webinar Live and CooperAcción successfully held the international seminar “Tax Reform: a global and Latin American discussion”. During the development of the event, the invited specialists spoke about the progressivity of the tax system in the mentioned countries, the expectations […]
World Bank: Peru has a very limited system to reduce poverty
In fiscal matters, taxes and direct transfers, reforms still need to be carried out, since we are at a disadvantage compared to other countries in the region. Although Peru still has macroeconomic strengths to remain stable despite the risk of global recession —in the face of inflation and the tightening of monetary policies in large […]
MEF points out that the tax regimes in Peru are only two
The Ministry of Economy and Finance (MEF) has been preparing its tax agenda for 2023. And, although they have already ruled out tax increasesthey do seek to simplify the regimes that Peru currently has. Thus, in dialogue with La República, the head of the MEF, Alex Contreras, announced that they are working on a bill […]