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Tax Bill Seeks To Raise Average 2.2% Of GDP Through 2031


According to a Finance Ministry presentation seen by Bloomberg and confirmed by the government:

  • Bill seeks to raise an average of 0.9% of GDP from VAT, 1.4% from income tax on individuals and 0.3% from companies between 2022 and 2031, while transfers to regions will imply 0.4% in negative revenue
  • Govt seeks to guarantee a minimum income to the poorest households
  • Fiscal rule would include debt-to-GDP targets
  • Extends carbon tax for other sources including coal, as well as other green taxes including on single-use plastics
  • Tax on dividends for individuals to be increased to 15% from 10% (Bloomberg)

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