Finance Minister Jorge Quiroz announced today an agreement with the PPD that modifies the tax stability periods in the megareform bill.
The pact reduces the benefits originally proposed. It now grants 10 years of stability for investments between 50 and 100 million dollars, 15 years for amounts between 100 and 350 million, and 20 years for investments of 350 million or more.
The measure also includes a 1.5-point corporate surcharge for those who opt into the regime. The benefit does not exempt mining royalties.
PPD caucus leader Ricardo Celis valued that the Executive incorporated 90 percent of his party's proposal. Senate President Paulina Núñez noted that the consensus emerged after days of dialogue between the government and parliamentary committees.
