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Netflix, Spotify and Uber are not saved in the Petro tax: this is what it proposes

Minhacienda said they will pay taxes “yes or yes.”

President Gustavo Petro’s tax reform seeks to get as close as possible to the structural fiscal adjustment that Colombia has been demanding for years.

For this reason, the articles have included ideas that have been in the air for a long time, such as taxes on ultra-processed foods and sugary drinks, elimination of exemptions, and even taxes for entertainment platforms.

(You may be interested: These are the foods that will rise in price with the new Tax Reform: which one would affect you?)

Precisely this last one is one of the most interesting points. “Digital platforms will start paying taxes in Colombia yes or yes”said the Minister of Finance, José Antonio Ocampo, during the presentation of the tax.

A) Yes, Netflix, Uber, Spotify, Didi, HBO, among various technological services more would carry their part in the project.

What is the proposal? In its article 56, the reform modifies the section of the Tax Statute that defines the payment of taxes for establishments and branches.

Over there adds firms that have “a significant economic presence” in Colombiawhich would begin to be taxpayers of the income tax and complementary with respect to the rents and occasional profits that they obtain from their operation in the country.

In addition, the tax office intends to add an article to the Tax Statute to define what are the conditions to consider that a non-resident company has a “significant economic presence”.

This list includes those companies that, through transactions of goods and services in the country, earn annual gross receipts of $1,189 million or more.

(Also read: lot ccommitments for the change of President Gustavo Petro: will he fulfill them?).

Those that use a Colombian website or the .co domain and those that have an interaction or marketing display would also apply. with 300,000 users a year.

It should be noted that this is just one of the tools with which the project intends to gradually raise $50 billion.

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