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VAT Offsetting: Will start earlier due to COVID-19

Through Decree 419 of March 18, 2020, the Ministry of Finance regulated the criteria for the recognition and payment of compensation in favor of the most vulnerable population. This program would start in April, as a measure to mitigate the economic vulnerability of households affected by COVID-19. After having published a draft decree through which … Read more

VAT: two million families will benefit from VAT refunds as of April

The Government has said that this refund corrects an injustice such as charging the same rate to the highest income households and the most vulnerable. The director of the National Planning Department -DNP-, Luis Alberto Rodríguez, highlighted the progress made by the Government in terms of VAT refund and assured that, as of April, two … Read more