VAT-Free Day will not take place this December 2

If you were waiting for December to arrive to take advantage of the VAT-Free Day and use that thing you were missing, stop doing it, because the government would have put an immediate end to this figure.

According to what was known and confirmed by the Minister of Finance, José Antonio Ocampo on Tuesday afternoon, the portfolio is working on a decree that would not allow this last edition of the VAT-free Day, which was to be held on December 2, to take place.

The uncertainty comes to the extent that this was one of the articles approved in the tax reform by the Congress of the Republic, which allowed it to be held on this last occasion.

On the revenue side, the reason would be more evident, since according to the Ministry of Finance, the fiscal cost of the event could be higher than that of the last day, which in the case of the one held in December 2021 was $224,000 million, according to the Dían.

The Petro Government never liked it

Since they took office, both Ocampo and Luis Carlos Reyes, director of the Dian, expressed their disagreement with these days, as they considered them to be an inequitable and regressive measure.

In the transit of the reform, although they sought to remove them, in the conciliations the Government gave in to the request to keep them, however, it did not even last two months with this position and already gave up on it.

Source: La República.

https://www.larepublica.co/economia/por-decreto-del-minhacienda-no-se-llevara-a-cabo-el-dia-sin-iva-del-2-de-diciembre-3493812