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They qualify for financial coup

Reserved, for at least a month the Ecopetrol Board was informed by its president, Ricardo Roa Barragán, that DIAN requirements had arrived that could put the company in greater financial difficulties.

While it is about An issue that has been under clarification for a few months, ROA revealed that an concept of the Dian Legal Office has already arrived in which the company is conveyed to cancel a millionaire sum for VAT.

Legal consultations

Ricardo Roa, Ecopetrol’s ; and the former director of the DIAN, Luis Carlos Reyes. Photo:Private archive

The case It is of such gravity for the company’s box that, as internal sources told El Tiempo, Roa announced to the Board that he was evaluating the requirement with the lawyers and that, at the same , they were raising consultations before the Ministry of Finance.

However, The issue ended up leaking and while in a sector of the Petro they believe that there is the solution to the financial difficulties of this administration; In the company itself and in the use union they ensure that it is a financial blow for the oil company.

The DIAN intends to strangle to Ecopetrol and put their financial stability at risk“, ensures use in a pronouncement on the subject.

The three requirements

The use of the use union. Photo:Time

What is known until now is that the Dian has already sent Ecopetrol three Customs Special Requirements (REA), where he commits the oil company to cancel the VAT of 19 percent for gasoline that has been importing between 2022, 2023 and 2024.

Although initially talking about the cancellation of 9, 4 billion pesos -6.1 billion to Ecopetrol; 1 billion for the Cartagena refinery and 2.3 billion interests- The total figure could ascend to 22 billion pesos If the same concept applies to the purchase of ACPM.

In addition, the legal concept, which had been cooking from the administration of Luis Carlos Reyes in the Dian, orders that the payments be made retroactively.

‘It is a tax reform’

The use union ensures that it is a “Bigh interpretation to the Tax Statute to Ecopetrol to the payment of VAT on the imports made in the 2022-2024 period and from 2025 onwards.”

In fact, for use, the Dian “It is usurping the functions of Congress, since the Political Constitution establishes that it is Congress that defines , its rates and the basis of its calculation.”

And warn that The measure could be extended to the ACPM: “These charges represent for Ecopetrol to assume an individual tax reform, compromise their financial stability, and put the most important company in Colombians at risk of bankruptcy.”

Where does that money go?

Ricardo Roa, manager of Petro’s campaign and now Ecopetrol’s head, and President Petro. Photo:X: Ricardo Roa

In fact, for the union it is clear that, to square the accounts of the fall of the tax collection by which The Dian must answer, seeks to use the available Ecopetrol box.

To get to the collection, The company must stop investment in exploration and production; and make other cuts.

I use it He already raised his hand and is asking – through a statement – that DIAN reconsiders that “that generate a huge risk to the main company of Colombians.”

But sources in Ecopetrol assure that in the government they see the collection with eyes to alleviate the financial crisis he is going through.

This week He expects an official Ecopetrol pronouncement on the subject.

Research Unit

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@Uinvestigativaet

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