Bogotá is preparing an adjustment to its tax scheme through a proposal called the Acuerdo Ciudad Inteligente project. The initiative aims to combine new sources of financing for public infrastructure with the elimination of three taxes that currently affect various economic sectors.
The measure is designed to alleviate financial burdens on businesses and entrepreneurs operating within the city. By restructuring the local tax framework, the proposed agreement seeks to balance the generation of funds for public works with relief for the local productive sector.
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