They approve the non-deductibility of hydrocarbon royalties and alert for a new boost to the price of the dollar

The Colombian economy depends largely on the hydrocarbon sector. REUTERS/Jose Miguel Gomez

The Senate of the Republic approved the non-deductibility of royalties in the sector of hydrocarbons. With this, he denied the removal of the article 17one of the most controversial of the draft tax reform of the Government of Gustavo Petro.

“Article 17 of the #PetroReforma means that royalties are not understood as an operating cost as is the case in other countries; therefore, with this article that prohibits the deductibility of royalties, we will no longer be competitive”, warned the senator Paola Holguin.

For his part, Senator Miguel Uribe He asserted that with this article the dollar will continue to rise.

“The mining-energy sector continues to be persecuted. Colombia, after Zambia, will be the second country in the world that does not allow the deductibility of royalties and the only one in the OECD. It is going to go very badly for us Colombians with Petro”, warned the senator.



Tax reform: Andi asked Congress to reassess royalty taxes and new taxes on hydrocarbons
Changes in oil taxes, the new modification of the tax reform
Suspending hydrocarbon exploration would generate adverse effects on Colombia’s economic growth: Fiscal Rule Committee

infobae Sp

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button