"We are not going to have the same collection. It will be lower in 2024. We have to adjust 2024 to judicial decisions, related to the court decision on the non-deductibility of royalties. That has an implication of $6.5 billion, which we will have to look at how we adjust it. The fact that we are depending on a congressional decision with the arbitration of tax litigation. What we need is an approval from the Council of State. We also have macroeconomic conditions related to the full economic slowdown. The recovery of the growth path is going to be slow. This leaves us in a situation in which the collection is not going to recover so quickly. And it is projected that there may be liquidity difficulties for $8.3 trillion", said the Minister of Finance, Ricardo Bonilla.
Bonilla acknowledges that tax collections in 2024 will be lower than previously expected and says there may be liquidity problems of $8.3 billion
"We are not going to have the same collection. It will be lower in 2024. We have to adjust 2024 to judicial decisions, related to the court decision on the non-deductibility of royalties. That has an implication of $6.5 billion, which we will have to look at how we adjust it. The fact that we are depending on a congres
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