Tax Simplification Impact in Bogotá-Colombia

Abstract

This article presents the result of the impact concerning tax simplifying impact of industry, business, and property tax in Bogotá-Colombia. This tax simplifying process has determined a change in the concept of local taxation, regarding the low or high-income taxpayers, especially in middle and lower strata, studying the extent the tax simplification will solve the problem of excessive charges or lack of timely payment. The presented information is an analysis of tax simplification impact and its effect on the collection evaluating the fiscal performance of the tax simplification scheme from Bogotá, emphasizing that the tax simplification implementation has allowed taxpayers to comply with their obligations in a timely basis and obtain economic benefits, as well as a better management in collections to the administration. The impact to determine how the administration advances the management of virtual payments that optimize the time of the taxpayer will be analyze, and the procedures before the Finance Secretary of Bogotá. The effectiveness in the fulfillment of the timely obligations will be analyze too, or if on the contrary it persists the tax simplification benefits ignorance.