This is the final project of the presentation of the financing law | Economy



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After the meetings held between the government and members of Congress on the financing law to adjust the initiative with which it was planned to raise 14 trillion pesos for the general budget of the nation, this Thursday the final draft of the presentation, which will now be taken into account in the Congress debates.

(Read: Financing Act: today, they would table the official report)

In the early hours of this Wednesday, it was known that the government would reduce spending by nearly 4 billion pesos, including resources from social programs, to adjust their accounts.

After the prior agreements, the project was known.

It is expected that the final document will be tabled by 4 pm and that, in the coming hours, the Government will indicate the source of the remaining 3.5 billion pesos. See here the final project.

Among the main proposals is the consumption tax on housing, which would bring in 1,100 billion pesos, the regime change in favor of multi-phase single phase sweetened drinks with which it would be collected 960,000 million, among others.

In 82 pages and 113 articles, a transformation of the tax status is carried out. The simple diet remains among the proposals. With that, we try to find the formalization of small businesses.

Similarly, the articles ratify services that will be excluded from VAT collection.

According to the document, medical services are among those excluded from VAT, mandatory health plans, education at all levels, including virtually all school feeding, internet connection and access for strata 1 and 3, and public transport of pbadengers by land , river, sea and air, as well as the mobilization of hydrocarbons and gas.

Neither water, electricity and gas utilities, including bottles, nor leases for the housing or rental of national exhibition and craft spaces, including artistic and cultural events.

Tickets for movie, sports, cultural, musical and family entertainment events as well as bull, horse and dog shows will be excluded.

Funeral services, rent and maintenance of graves and mausoleums will also not be subject to VAT, the purchase of software licenses for the commercial development of digital content and the provision of web pages, servers (hosting) and cloud computing.

FOR DONATION TO UNIVERSITIES, THERE WILL BE REBATES IN THE RENTAL DECLARATION

In the project adds the initiative that all users of financial institutions supervised by the Financial Superintendency of Colombia will have the opportunity to make donations for the funding and support of public universities through financial institutions. ATMs, web pages and platforms. owned by the said financial entities, which will issue gift certificates so that donors can benefit from the tax reduction under the conditions set out in Articles 257 and 258 of the Taxation Statute. The Directorate of National Taxes and Customs-IDAN will regulate, by resolution, the provisions of this article.

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