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Alex Contreras: “Tax increase is not considered”

Economy and Finance Minister Alex Contreras commented on the legislative powers requested from Congress. | Font: Andean

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The government proposes tax changes, but the tax increase is not estimated taxesAccording to the head of the Ministry of Economy and Finance, Alex Contreras.

During his speech at the Economic Commission of Congress, Contreras argued that one of the areas for which the government has requested legislative authority is to seek improvements in tax aspects and formalization.

“This is due to the improved aspects of taxation and formalization. This does not involve raising taxes, now is not the time for that because we believe there is room for improvement and incentives for formalization,” he said.

The Minister assured that micro and small companies (mypes) would not be affected by the tax increase, but rather seek to simplify the mypes regime.

“What we want to create is an inclusive regime that corrects bad practices and creates incentives for small company”, he added.

After his resignation from Congress, Contreras reiterated to the press that “tax increases are not being considered.”

ISC won’t go up either?

This month, the selective consumption tax (ISC) was expected to rise at the rate this month, but the MEF indicated that it is still evaluating this upgrade, which will be 90 cents.

“It is generally appropriate to amend the selective consumption tax, we estimate it to be around 90 cents in some countries. products. This is a small adjustment, but due to the circumstances, we are evaluating the measure. We are evaluating the impact,” said the head of the MEF.

Recall that ISC is a tax paid on the purchase of goods such as alcoholic beverages and cigarettes in order to discourage their consumption.

Source: RPP

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