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"The imposition of the 8% consumption tax on all motorcycles, in addition to the current 19% VAT rate, concerns the pocket of more than 8 million Colombians from strata 1, 2 and 3, to about half of the minimum wage. "said the unions in a statement.
Unions argue that motorbikes are the most popular means of transportation in Colombia, since they are used by more than 4.1 million households, accounting for 28 percent of the country's total families.
"One out of every seven Colombians is riding a motorcycle, a vehicle that is a cost-effective and efficient solution for mobility, as it improves the quality of life of its users, it is the optimal means of transportation in rural and urban areas. isolated, and It is mainly used as a working tool for home services and messaging, "they said.
Read also: What do we know about the new and upcoming regulations for motorcycle helmets
Guilds also indicated that the consumption tax was intended to tax luxury and sumptuary goods and services. This tax is therefore not understood by motorcycles because they are mbad consumer goods used by the vulnerable population and scarce resources, so they should no longer be taxed.
"The current motorcycle market is 550,000 units, with an average selling price of 5 million per motorcycle." According to the report, the legislator plans to raise 400,000 million pesos, but it is estimated that with the new tax , the market would shrink by 20% and the net recovery estimated at 57 million pesos, much less than expected, "they discussed.
Finally, the automotive industry has pointed out that 95% of motorcycles sold in the country are manufactured in Colombia. The negative impact of this new tax jeopardizes the legal security of industrialists and 72,000 jobs. which is currently generating the sector's production line.
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