2023-08-14 12:08:34
In Extraordinary Official Gazette No. 6,755, dated August 10, 2023, the Organic Law of Coordination and Harmonization of the Tax Powers of the States and Municipalities.
Recently, the National Assembly (AN) sanctioned the Organic Law of Coordination and Harmonization of the Tax Powers of the States and Municipalities, whose objective is establish the principles, parameters, tax rates and applicable rates.
According to a press release from the AN, this legal instrument establishes that the payment of taxes will be made in national currency and that, once it is in force, the states and municipalities must “identify and order the suppression of requirements and permits that limit, hinder or have the effect of hindering the exercise and normal development of economic activity and productive initiative..
Among the benefits of this regulation, it stands out that the rate of the municipal tax on the economic activity of industry, commerce, services or of a similar nature It may not exceed 3% of the gross income obtained.
It also establishes the minimum term of three years to licenses or authorizations for the exercise of industrial, commercial, service and similar economic activities. The renewal will proceed automatically, complying with the provisions of the standard in this regard.
The Extraordinary Official Gazette No. 6,755 with the complete regulations is attached below:
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