The legislature is cooking up a new tax law on companies. Of course, they are. The country does not want to lose any tax revenue.
The Sala IV’s ruling of Jan. 28 found articles 1, 3 and 5 of Law 9024 unconstitutional. This sent a serious shock to the officials in charge of the government’s coffers. Many company operators just stopped paying the tax after the decision. These articles were the heart of the legislation.
Article 1, created the tax. Article 3, set the tax amount and divided the payment into two types, one for active and another for inactive companies. Inactive entities pay 50 percent less than active ones. Article 5, set the sanctions and fines for not paying the tax.
The Registro Nacional reports delinquencies rose to almost 60 percent in 2015 from around 40 percent in 2014 for active companies. Inactive companies rose to a whopping estimated 78 percent from last year’s 58 percent.
