Economy

What is withholding at source and to whom does it apply in 2023?  – Sectors – Economy

What is withholding at source and to whom does it apply in 2023? – Sectors – Economy

With the beginning of 2023, the deadlines that Colombians and companies must take into account to comply with their tax obligations throughout the year are also guaranteed.One of them has to do with withholding at source, which is not a tax but an advance collection of a specific tax. which may well be the income, sales or industry and commerce tax.(Also read: Take note: these are the deadlines to declare and pay taxes in 2023) Many people should keep in mind that, on certain occasions, when they receive an income or fee for a good or service, deduct a percentage…
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This is how you can take advantage of record inflation and high interest rates – Personal Finance – Economy

This is how you can take advantage of record inflation and high interest rates – Personal Finance – Economy

With inflation of 13.12 percent at the end of 2022 -the highest in the last 23 years- not everything is bad. You can also take advantage of this situation by making investments with some extra money that you can obtain.This is thanks to the fact that the Banco de la República also begins to increase your interest rates to the extent that inflation begins to rise in the country, in order to discourage family consumption.(Also read: Colombia closed 2022 with the third highest explosion in Latin America) "That would cause the economy to slow down and inflation would also start…
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How to save money with record inflation and the new increases of 2023?  – Personal Finance – Economics

How to save money with record inflation and the new increases of 2023? – Personal Finance – Economics

The first months of 2023 will be accompanied by increases in the rates of taxes, transportation, rentals, food, among other basic expenses of Colombians, which are driven, for example, by inflation and the increase in the minimum wage.In the presence of "the January slope", an economic phenomenon that occurs annually due to the growth in the cost of living, making the most of available resources becomes more important.(Also read: Follow these 8 recommendations to have a debt-free 2023) For this reason, experts from BBVA and Liberty Seguros Colombia offered some advice to carry out smart savings that allows citizens to…
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Unemployment in the US: how Hispanics fared in December – Sectors – Economy

Unemployment in the US: how Hispanics fared in December – Sectors – Economy

unemployment is USA it fell again in December and returned to the lowest levels in 50 years.Although in the population of Latino workers the rate had a slight increase in December, in this group of the population unemployment levels remain low.While for all workers, the unemployment rate dropped from 3.6 percent in November to 3.5 percent in the last month of the year, for Hispanics it went from 4 to 4.1 percent.(Read also: Inflation: real increase in the minimum wage was the lowest in the last 7 years) For this population, the lowest level of unemployment had occurred in September,…
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