Investments and Business

Throughout this 2023, the government of President Gustavo Petro will continue to lead the 'Refund of Value Added Tax' (VAT), a program that began in 2020 as an aid measure against the covid-19 pandemic.The proposal of said program is that lower-income families receive resources that alleviate the impact of the tax that taxes the consumption of products and services of the most vulnerable people.(We recommend reading: When is the next payment of the citizen income subsidy?) It is important to note that the return would be for a value of 80,000 pesos.According to the Department of Social Prosperity, throughout 2022,…

According to article 2432 of the Colombian Civil Code, the mortgage is a right of pledge constituted on real estate, which does not cease to remain in the debtor's possession.In other words, the purpose is to leave a guarantee for the lender, be it a bank or a lender and In this case, the guarantee is the house and its commercial value. Keep in mind that having a mortgage does not mean that you have 100 percent insured any type of credit. In addition, in case of requesting another loan, It is important to verify that it meets the requirements…

The mortgage portfolio is defined as the loans granted by banks or financial entities to facilitate families the real estate purchase when they do not have all the money available in cash.A first semester 2023 Dane study shows that 76.4 percent of mortgage creditsthe subsidies to natural persons were destined for the purchase of housing, while the remaining 23.6 percent was acquired for housing rental. (Also read: Home sales: these are the problems that will prolong the crisis in the sector) The higher the value of the down payment, the lower the value of the loan will be. mortgage credit…

A total of 138 countries, including Colombia, have signed a new international agreement within the framework of the Organization for Economic Cooperation and Development (Oecd), which establishes a new tax on the income of multinationals. The objective of this agreement is to guarantee that, regardless of the country in which large companies operate, they must pay a minimum rate of tax, which will help make earnings fairer for all countries and jurisdictions. ​(Read also: Independence of the Creg, in doubt for the interim of 4 of its 6 experts) The decision, which was taken during the fifteenth meeting of the…