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The Congressional Commission on Economics, Banking, Finance and Financial Intelligence approved by a majority the opinion on the extension rehabilitation VAT until December 2025 in some foodas a measure to mitigate the effects of the economic crisis.
What are these products?
According to the initiative exemption from VAT it reaches vegetables, legumes, beans and fruits, as well as inputs for agriculture (fertilizers and fertilisers) and livestock.
Opinion Economic Commission it also has an impact on transport, communications, housing, culture and international relations; although it still has to be put to a vote in the plenary session of Congress.
What other economic projects have an opinion?
The same commission also approved the opinion on the draft law 3554/2022-PE, presented by the executive branch on revitalizing the economy of micro, small and medium-sized companies through the fund. MSME entrepreneur.
In addition, bill 3671/2022-PE was approved, which proposes a law amending Legislative Decree 1188, a provision that provides tax incentives to encourage real estate investment funds.
In the latter case, the income tax regime applicable to the transfer of real estate to the Real Estate Income Investment Trust (FIRBI) and the final income tax rate are extended until December 31, 2026. Lease or other onerous form of assignment for the use of real estate property appropriated (FIRBI), as well as the Alcabala tax on the transfer of ownership of real estate made as a contribution to (FIRBI).
Private investment
To encourage private investment, an opinion was approved allowing exceptional access to the Special General Sales Tax Early Recovery Regime governed by Legislative Decree 973, the purpose of which is to temporarily and exceptionally make the regime more flexible. General sales tax to help reactivate private investment in the country.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.