Cali approves tax modernization project in first debate

Cali's mayor secured first-debate approval for the Sistema Recupera project aimed at updating the city's tax structure.

Cali's District Council approved the Sistema Recupera tax agreement in first debate, led by Mayor Alejandro Eder. Finance director Jhon Quinchua Ceballos thanked the Budget Commission for its support after weeks of review.

The project allows voluntary contributions from property tax or ICA to security programs, cuts penalties for undeclared ICA and removes stamps from 61 citizen procedures. It also creates a unified tax statute with 520 articles.

Commission president Daniela Plaza said 22 amendments were added to tailor the proposal to local needs. Councilor Carlos Hernando Pinilla noted the second debate will examine property tax and other levies.

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Chilean finance committee members approving corporate tax cut legislation in a formal early-morning session.
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Government approves corporate tax cut in finance committee

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The Chamber of Deputies' Finance Committee approved the core tax measures of the megareform promoted by President José Antonio Kast's government in the early hours of Thursday.

The Senate Finance Commission approved the Reconstruction bill yesterday by three votes to two. The initiative advanced with only officialist support.

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The finance commission approved the core of president josé antonio kast’s reconstruction megaproject on thursday after 15 hours of debate. The progress leaves divisions in the christian democrats between deputies and senators, while the opposition plans to obstruct the process.

More than 60 opposition mayors, including from Maipú, Estación Central, and Recoleta, issued a joint statement criticizing President José Antonio Kast's National Reconstruction Plan following its national broadcast unveiling. Building on earlier senator critiques, they called it an indirect tax reform benefiting large companies and the wealthy amid rising living costs, urging a vote against it.

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One week after initial PDG meetings on President José Antonio Kast's megarreforma, his government clarified that the new deal with the Partido de la Gente (PDG) to approve the Reconstrucción Nacional megaproyecto excludes the promised 12.5% SME tax rate—for a future bill—sparking brief backlash before resolution. Tensions persist with the Partido Nacional Libertario.

Chile's Consejo Fiscal Autónomo (CFA) issued a critical report on President José Antonio Kast's megarreforma, warning of persistent fiscal deficits and nine direct risks to public finances. President Paula Benavides stressed that the impact hinges on realizing projected economic growth. The government said it will review the report.

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President José Antonio Kast's government has delayed entry of its controversial 'National Reconstruction Plan'—recently renamed the 'economic reactivation reform'—into Congress until next week. Initially announced in March with an expected April 1 entry, the postponement allows final reviews and shifts focus to school security following a deadly incident in Calama.

 

 

 

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