No menu items!

Colombian government submits revised fiscal reform project

RIO DE JANEIRO, BRAZIL - President Iván Duque announced the "Social Investment" bill through which his administration hopes to raise 15.2 trillion pesos (about US$3,977 million) to guarantee public finance stability and economic reactivation and growth, severely impacted by the coronavirus pandemic.

"What we have before us is a social investment bill backed by income figures sufficient at this time to take the step that we deserve as a society," Duque said while presenting the bill.

The most significant tax burden, which represents 60% of the projected costs, will be applied to business, as 6.7 trillion . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content