Taxation of financial income at the municipal level

Abstract

The Municipalities have advanced with the taxability of economic activities through the imposition of rates, even attempting to capture gross income from financial income, which,
logically, has an impact on the cost of financing of companies. As a result of inflation, companies invest their surpluses in loans and financial instruments, obtaining a return or result for their disposal as compensation. We propose hereby to analyze the central aspects that we must observe to decide on the viability of said income being taxed at the municipal level.