Through an interest rate subsidy, small and medium producers who apply will only have to pay the basic passive rate.
The Ministry of Agriculture and Livestock (MAG) and the Livestock Development Corporation (COFORGA) will subsidize, with half a million dollars, the four points over the basic passive rate that are charged for development loans. In this way, small and medium producers who enter the program will pay only the basic passive rate (currently 11.25% annually).
"There are people with annual expenditures over $ 150,000, but only declare $ 26,000 in income" stated the Executive Director of Revenue (DEI), José Oswaldo Guillén.
With regards to the tax evasion and fraud plan announced in December by the Secretary of Finance, William Chong Wong, starting the first day of January the method of alleged income to individuals in liberal professions will be applied.