The BPS analyzes an amnesty to address the problems of more than 60,000 debtors

The BPS analyzes an amnesty to address the problems of more than 60,000 debtors

The director of the Social Welfare Bank (BPS), Jose Pereyra, proposed a amnesty for the more than 60,000 debtors who maintain commitments with the entity and, for this reason, will not be able to retire in Uruguay.

In the country there are 60,000 people who, for some reason, defaulted on payments with the BPS and, therefore, have debts with the agency. The number grows even more if limited liability companies (SRL) are considered, in addition to individual accounts. With more or less knowledge about these debts, the common point is that they prevent retirement.

For this reason, the representative of the businessmen on the entity’s board of directors, José Pereyra, prepared together with the Economic Research Center (Cinve) a proposal of regime of payment facilities for taxpayersas reported by El Observador.

The same was done from a list that the director accessed, with the number of sole proprietorships with debts. There he encountered different types of cases, including workers who cannot be sent to unemployment insurance; and a widow who had to take over the debt of her deceased husband in order to access the pension payment.

The common denominator is the inability to pay by different circumstances that, later, worsens due to the high arrears and fines.

An amnesty for retirement

Pereyra carried out a study with the accountant Gustavo Vinales of Cinve to support the amnesty proposal or payment facilities regime for these more than 60,000 people who, in the current circumstances, cannot retire or access the subsidies that correspond to them for debts.

The project indicates that a tax amnesty is an exceptional and transitory opportunity to regularize tax obligations through the forgiveness of interest, penalties and surcharges; or, from one Partial forgiveness of the original debt amount.

Among the arguments mentioned to grant this benefit, the covid-19 pandemic —causes due to natural disasters—; the recent parliamentary sanction of the social security reform —economic and political causes—; and the possibility that the BPS may recover debts with high delinquencyas well as regularize a large number of individuals and companies —tax aspects.

In this sense, the regularization of these taxpayers would not only be beneficial for the bank, which would obtain income in situations that it could not otherwise recover; but it is also essential to improve the productivity of the MSMEs and to offer them an opportunity to continue contributing productive effort, according to the Pereyra and Viñales proposal.

The study concludes that the implementation of the amnesty must also take care of aspects that determine the fulfillment of its desired objectives, since the opposite case can discredit the tax system and reduce the credibility of the BPS. Thus, It is not proposed as a system to forgive debtsbut to contribute with more flexible conditions to the payment of the same.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts