- Colombia’s Ministry of Finance presented a tax reform bill to Congress on 10 September 2024
- The reform proposes shifting the current VAT exemption for renewable energy production to a zero-rating
- This change will allow for input tax credits
- The reform aims to modernize Colombia’s tax structure and increase revenue generation
- It also aims to address key economic sectors in the country.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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
