Tax analysis of the amendments to the “miscellaneous” Bill
Twenty days after the submission of the National Reconstruction and Economic Recovery Bill, on May 11th, the Government introduced several amendments (indicaciones) following to meetings with various political sectors. Below, the most relevant highlights in the tax area: REDUCTION OF THE FIRST CATEGORY TAX Project: Proposes a gradual reduction of the First Category Tax or IDPC (for its initials in Spanish), from 27% to 23% over 4 years (2026 to […]