Experts say that if the Directorate General of Taxation has more autonomy and flexibility it could improve recovery in the country.
The document entitled "The path towards fiscal consolidation " published by the Ministry of Finance, aims to transform the Directorate General of Taxation (DGT) into an entity with greater autonomy in managing its resources and personnel.
The General Directorate of Taxation is preparing regulations to govern the sales prices of goods and services between companies considered as related to each other.
This regulation is currently under review by the legal department of the Ministry of Finance. The aim is to have it in force before the end of the current administration, said Carlos Vargas, CEO of Taxation.
The recovery which started in September 2009 has come to an end in March 2010 and since then, more than 3,000 jobs have been lost.
The global economic crisis of 2008 caused the disappearance of 50,000 jobs in the private sector. Recovery began in September 2009 through March 2010 generating 36,000 new jobs. But since then, private employment has begun to fall again.
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