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Tax: income for individuals and VAT for the entire family income basket

The Minister of Finance, Alberto Carrasquilla, recently stated in Dinero that the Tax Statute -ET- must be modified and that the country’s tax issues must begin to be discussed next year as part of the strategy to achieve economic recovery. “Colombia must stop having a ‘poor country’ Tax Statute, since the rebound of the economy … Read more

VAT will not be levied on family basket products

The President issued orders for the non-inclusion of basic foodstuffs such as meat, chicken, eggs and milk. He emphasized his responsibility to move forward with the reform. In an interview with El Tiempo, President Iván Duque stated that the tax reform will not impose VAT on products of the family basket. He also said that … Read more