The proposal would eliminate the value-added tax (VAT) three-day holiday. Otherwise, no significant changes to the VAT are expected.
The proposal would (1) establish a new tax on sugary drinks and ultra-processed foods; (2) increase taxes on carbon emissions; and (3) establish additional environmental taxes.
Potential increases in taxes on carbon emissions have also been mentioned.
Source EY
Latest Posts in "Colombia"
- Colombia Issues Guidelines for Importing Single-Use Plastics and Applying National Tax Requirements
- Colombia Expands Single‑Use Plastic Tax: What Importers Need to Know
- Draft Decree regarding the circulation of electronic sales invoices as negotiable instruments
- Colombia’s President Defends 19% Gambling VAT Amid Budget Crisis and Court Challenge
- Colombia Expands Single-Use Plastics Tax to Imports: New Calculation and Payment Guidelines Issued
