The CIU warns about 60% informality in the real estate sector

The CIU warns about 60% informality in the real estate sector

Since the pandemic, the phenomenon has grown. A bill seeks to regulate the operators.

labor informality in the real estate began to advance during the pandemic where more and more real estate agents began to work informally, leading to a tax evasion Yet the lack of protection of workers, warned the Uruguayan Real Estate Chamber (CIU)

The president of the CIU, Beatriz Carambula, claimed to scope.comthat the sector began to act informally after the pandemic, reaching a 60%. This caused the image of real estate operators to have a bad impact because “informalism implicitly leads to tax evasion and the lack of protection for workers.”

This is why the CIU hired a study to assess the situation, since “the number of people working informally is striking“, something that “generates more and more problems to work in the sector”. This and other reasons were the ones that prompted the presentation of the project of real estate operators in Parliament.

How could the real estate sector be formalized?

Last month he entered the Parliament a bill that aims to formalize and professionalize the sector. One of the keys is the generation of a registry of real estate operators that would be under the orbit of the Ministry of Labor and Social Security (MTSS) and would be administered by a Commission made up of members of the Executive power and trade unions.

This administration will have the power to collect the registration fee, control work of real estate operators, issue registration, and sanction in case it is necessary. Also, a real estate market observatory will be created to provide accurate information since, according to the president of the CIU, the information currently available is not very up-to-date.

Those authorized to register in the registry are all those who have a title of real estate operator and are registered in the Social Welfare Bank (BPS), the General Tax Directorate (DGI), the National Secretariat for the Fight against Money Laundering and the Financing of Terrorism (senaclaft), as well as before the Ministry of Tourism for those who work in tourist areas.

Source: Ambito

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