Recommendations to avoid being affected by the 4 x 1,000 – Personal Finance – Economy
The tax that has been in force for 25 years is paid each time a financial transaction is made from a savings account, which is not exempt from the tax, or of a checking account that exceeds 14,844,000 per month. Its origin dates back to the late 1990s, when the government at the time, in the midst of an acute financial and economic crisis, implemented it precisely to raise resources for said difficulties.It began with only 2 pesos for every 1,000 (2 x 1,000) of the transaction (withdrawal, payment, transfer) that the financial entity 'withheld' from people, to later transfer…
