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One million households, the most vulnerable in the Families in Action Program and Colombia Mayor’s prioritized list, will receive this week the second bimonthly monetary transfer of 75,000 pesos, corresponding to the VAT refund.
According to the National Planning Department (DNP), state aid, which was advanced to ward off the economic impact on the poorest and most vulnerable families caused by the coronavirus emergency, allows these households to have additional money to buy essential products. .
The first transfer of VAT compensation was made to one million householdsIt may interest you: Twelve questions and answers about VAT refund to the poorest
“Those who have not yet withdrawn the first draft can do so now with the second payment that will be available from this week.
How to do it?
To obtain these resources, the DNP invited potential beneficiaries to consult the devolucioniva.dnp.gov.co page and verify if they are favored with this state support.
After confirming that close to a million poor and vulnerable households received compensation for this tax, the director of the DNP, Luis Alberto Rodríguez, stated that this shows that VAT could be returned.
The most vulnerable families spend 7.3% of their income paying VAT, while the wealthiest households use 4.3%.
The VAT refund was approved last December through the Economic Growth Law and it is estimated that this year it will cost the national treasury close to half a trillion pesos.
Its implementation was initially planned for some 100,000 households, but as a result of the economic emergency caused by the coronavirus pandemic, it was determined to overtake it and reach one million families.
Likewise, the VAT refund is focused on the population of the 1,100 municipalities with high poverty rates or with a significant concentration of vulnerable households.
The most vulnerable Colombian families dedicate 7.3 percent of their income to the payment of this tax, while the wealthiest households use 4.3 percent.
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