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income tax deductions for housing shares. Low

The government increased the income tax deductions for rental. The measure will extend to those who pay fees for purchases. Fernando Lorenzo Minister also announced new requirements for recipients of investment promotion scheme.

Minister of Economy, Fernando Lorenzo, announced yesterday the Executive Secretary of the Frente Amplio (FA) measures to raising the tax allowance for the Income Tax of Individuals (income tax). The chief reiterated the concept of gradual increase to reach a basis of performance and contribution (BPC), equivalent to $ 2,226 today, adding that there will be changes in the system of deductions, said to news sources coalition left.

The main concern the expenses related to housing. After recalling that the issue is a priority for the government, Lorenzo said his team works an implementation plan for higher deductions to income tax paid by individuals who rent or face a fee as a result of the purchase of your home.

Although the minister did not specify Lorenzo Frente leadership to come as deductions, said it will continue with the current line but in amounts more beneficial, as part of the plan to promote access to housing.

Since 1 January this year applies a discount of 6% of the rental value over the payroll tax, which will materialize in time to close the balance of the year. Since the tax is annual, deductions will materialize next year and to obtain, taxpayers shall make an affidavit with the landlord's name.

A tenant who pays $ 10,000 per month throughout the year, deducted $ 7,200 at the end of the period, while your landlord must contribute 12% on income less than the 1.5% tax equivalent to the Elementary and Contribution.

The design, which tends to "whiten" the system will be strengthened by additional discounts to tenants and the incorporation of those who pay bank fees for house purchases, if they pay income tax.

During the meeting of the Secretariat, Lorenzo also referred to the VAT cut and said the government will comply with 2% linear program committed to the FA and also address a total reduction for the poorest sectors. In line with the announcement on Wednesday of Deputies Finance Committee and the Association of Marketing Managers (ADM), highlighted the VAT refund will be made through Mides cards and said there would be other measures for vulnerable groups, such as refunds through family allowances but did not elaborate on details.

regard to business taxation, said that analyzing the cases of the producers that should go to pay the Tax on Income Activities (Irae) rather than just the Tax Sale of Agricultural Goods (imeb). He stressed that his wallet technicians work alongside and Livestock Industry to discuss the investment promotion scheme, which will apply more demanding. FA

Sources told Ultimas Noticias that the minister made clear that "the country's current situation is not 2007, so the government can meet the type of investments you want to promote." The proposals of Lorenzo were well received in the leftist coalition, where it said an "opening" of the economic team.

However, several sectors are determined to insist on the need to increase the tax burden on the sectors that generate more income. Next week is expected to meet again with the FA Lawrence, under the table of the National Association of Government, when the sector is to deepen the tax issue relating to the business sector. Set