After two months of meetings, agreements and recommendations, the Executive Branch will present the final text of the new fiscal project in a meeting with the heads of the fraction on Thursday. The Government hopes to finally get legislators to approve the bill.
Last week, Deputy Minister of the Presidency, Luis Paulino Mora, indicated that it would be until now when they announced the text, which will be done at 11:00 a.m. in the Legislative Assembly.
The new text differs in some issues from the Law of Strengthening Public Finance, which was presented in August and generated some criticism from lawmakers.
Although the transformation of sales tax into Value Added Tax, which will tax goods and services such as Netflix, gyms, concerts, lawyers, health and others, is maintained, the rate will remain at 13% and will not rise to 15% as the government initially wanted.
In addition, the adjustment to the Income Tax, the Fiscal Rule and those that have to do with public employment, which was divided into exclusive dedication, prohibition, cap to luxury salaries and annuities, are maintained.
After the presentation, the Government will convene the project and will give priority to the extraordinary sessions that begin on December 1st.