Provisional presidential decree (MP) 1,303, sent to Congress in June, includes the government’s plan to unify short-, medium-, and long-term fixed income investments under a 17.5% income tax rate. This is part of the same proposal to impose a 5% tax on instruments currently exempt from income tax.
Ending the current regressive tax table—which starts at 22.5% for investments held up to six months and drops to 15% for those held longer than two years—would directly affect Treasury bonds designed for long-term wealth building, such as Renda+ and Educa+. In a country lacking financial education and planning, showing disregard for the value of patience runs counter to global initiatives encouraging households to extend their investment horizons.
The IOF on VGBL targets high-net-worth individuals: this…
