Government prepares tax reform in which it would contemplate repealing the 2% tax for microentrepreneurs

The Chamber of Commerce of Guayaquil leads the request for reform or repeal of the tax. The tax reform is expected to be socialized since August.

The Chamber of Commerce of Guayaquil (CCG) announced this Thursday that it received an response from the government to its request for reform or repeal of the 2 % tax on the sales of microentrepreneurs.

"We value the government's reception to correct this tax that hits microentrepreneurs," said the Chamber in a statement.

In the letter, addressed to Miguel Ángel González, president of the Chamber, the Secretary of the Economic and Productive Sector Cabinet, Salome Velasco Struve, reported that from the Secretariat the review of the request of the CCG was carried out together with the Internal Revenue Service (SRI), since that institution is the governing body of the taxation.

Velasco reported that the request of the CCG is being considered within the tax reform project that the Executive is preparing.

"I allow myself to inform that the change in the income tax rate of 2 % on gross income is being considered within the tax reform project, for which the technical, legal and fiscal impact analysis for the elaboration of this project is already on the march," he said in the Charter.

Additional, Velasco said in the letter that, in order to contribute to the technical analysis specifically on the tax in question, they propose to hold a meeting together with the SRI and the CCG, which he asked to make contact immediately.

The meeting would have as a purpose that the CCG can provide the criteria and observations to be considered in the analysis prior to the tax reform project.

The Minister of Economy and Finance, Simón Cueva, announced weeks ago that between August and September of this year a tax reform will be put for the discussion with society, of which he has given few clues. He said that what would seek the regulations will be to control the tax spending that is what the treasury stops receiving for tax exemptions. A good portion of these exemptions are, for example, in personal expenses deductions.

Cueva has emphasized that these exemption changes will always have a rule. "We are not going to encounter those below, but to those above the pyramid," he said and explained that the tax reform is one of the three legs of a table that is fiscal stability.