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Colombia’s Bill 507 Proposes Tax Reforms: VAT Exemptions, Vehicle Tax Discounts, and More

    The draft legislation includes VAT exemptions for hotel services in municipalities with fewer than 200,000 inhabitants, renewable energy projects, and vehicle fleet replacement with electric or EURO VI technology vehicles from June 30, 2026, to December 31, 2029.

Source: kpmg.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.

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