New “Inclusive Monotax”
The first of the projects has to do with tax modifications that seek to increase registration, to make it easier and cheaper than the current monotax. For this reason, from the ruling party they speak of inclusive monotax. Specifically, it will seek to create a “Inclusion bridge to the simplified regime for small taxpayers”.
What is it about? Of a new registration instance that will function as an entry bridge to the tax system. Thus, a person who develops his economic activity in the popular economy, will be registered in the monotax and, over the four years that the transition lasts, the amounts he must pay will be reduced.
In the case of workers who are registered in categories A, B and C of the monotax, will be exempt from paying the tax bracket; They will not make the contribution to social work (because they will be covered by the national programs of the Ministry of Health of the Nation) and, after two years, they will only pay 50% of the pension contributions. That is to say: for two years you will not pay anything and only in the third and fourth year will you have to face a part of what corresponds in the simplified regime.
In the case of the highest categories, such as D and aboveThey will be exempt from the tax during the first two years (in the third and fourth they must pay 50% and 75% respectively); They will not have to pay the contribution of the social work (because they will be covered by public health) and, of the pension component, they will have to make a staggered payment over the four years (the first year they will be exempted, the second they will pay 25%, the third year 50% and the fourth year 75%).
Who will be able to register for this new “inclusive monotax”? All people as it will be universal. The key is that those people who currently have some economic activity but are not registered in any way will be able to register. People who are not in the formal circuit, the unemployed or those who are starting economic activity can then register.
Access to Financing
Registration is the first step on the way to the inclusion of sectors of the popular economy to another series of rights. One of them is access to financing in the formal circuit, since it is generally very complex for these workers and enterprises to obtain bank loans. Hand in hand with the project to expand registration, the Executive will also send another project to Congress to create two trust funds that enable loans, guarantees and subsidized rates for productive projects.
One of the funds will be managed by INAES and will be made up of mixed capital, both provided by the State and by the cooperative and mutual sector.s. The other will be formed mainly thanks to contributions from the National Treasury and will finance larger projects. In addition, in the latter case, it will seek to work with the banking sector so that, through a new regulation of the Central Bank, they raise the percentages that must be allocated to loans for popular economy ventures with guarantees from this new fund.