New tax bill proposal lowers revenues to $5.3bn-4.8bn

After most political parties in Congress dismissed the Government tax bill reform, the Government has changed its proposal to reach a consensus. The Ministry of Finance announced the first revision to the original project, lowering expected revenues from $6.1 billion (Co$ 23.4 trillion) to between $5.3 (Co$20 trillion) and $4.8 (Co$18 trillion). It also informed that tax on public services will no longer be in the new bill.

Source: La República