Project Description
The objective of the project is to assist the Government of Colombia to improve the institutional, regulatory, and administrative framework for business taxation. The project works with clients at the national and subnational level including, the Ministry
of Finance, the National Tax Administration (DIAN), the Chamber of Commerce of Bogota and the Bogota Secretary of Finance; the Chamber of Commerce of Cali and the Municipality of Cali.
The project will provide specific support in the following broad
three
areas:
1. Assisting the government with the implementation of the New Tax Reform at national and sub-national level to encourage tax compliance of businesses.
2. Rationalizing and simplifying the business taxation regime to reduce compliance
burdens
for businesses at both national and sub-national level.
3. Reviewing and establishing a new simplified MSME (micro, small and medium enterprise) tax regime and procedures to help lower barriers to voluntary compliance and encourage formalization.
This
project is part of a broader program implemented in Latin America and the Caribbean in partnership with the Governments of Canada and Switzerland.