Although this bill was involved in controversy days ago, as the chambers of industry and commerce expressed their opposition, Congress decided to approve the bill. See full bill.

Among the main tax benefits that agricultural producers will have that will be the object of this law, is that they will pay 5% of taxes on gross sales, as long as they do not exceed $39,000 annually.

You may be interested in "Controversy Over Tax Regime for Agriculture”

Prensalibre.com reviews that "... Carlos Chavarría, deputy of Creo, voted against. He justified that the initiative sought to incorporate sectors so that there would be less informal trade, but now "rewarded" sectors that have problems with the treasury, such as livestock producers, coffee and cardamom."

The article adds that "... Fernando Linares-Beltranena, of PAN, voted in favor and argued that the new law will allow 'new taxpayers to enter the tax system because they are going to start paying and become bankrupt."

The road for the approval of this regime was long, as the proposal for "Law on Simplification, Updating and Tax Incorporation", was more than two years in Congress, and was until last September 10 when its discussion was scheduled for final drafting.

Source: prensalibre.com

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