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Vat, Income and Wealth, Alcohol and Tobacco Is What Will Touch the Tax Reform

Summary by larepublica.co
During the opening of the discussion, the minister argued that the inflexible expenses of fiscal policy for that year amounted to $509 billion
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The government of Gustavo Petro considers including new taxes on liquors and tobacco in the tax reform that it will present to Congress in the coming days. The Minister of Finance, Germán Ávila, revealed the guidelines of this proposal during the presentation of the General Budget of the Nation 2026 to the Joint Economic Commissions. The eventual tax reform would be a fundamental element to finance next year’s budget, valued at 556.9 billion pes…

The Minister of Finance and Public Credit, Germán Ávila, explained before the Senate's Third and Fourth Committees, the general points that will have the tax reform project that Gustavo Petro's government will present in the coming days. SEE MORE: Government presented Budget 2026 for COP$557 billion, but it depends on new taxThe tax reform aims to comprehensively review the tax expenditures that the government has in tax matters, "especially in …

The consumption of liquor in Colombia is already taxed, but the government included it among the points to adjust in the new tax reform. Photo: LEEROY Agency in Pixabay The Minister of Finance, Germán Ávila, announced before Congress that the new tax reform or financing law will be presented in the next few days and revealed new details of its articles. The initiative contemplates a comprehensive review of the government's tax expenditures in ta…

During the opening of the discussion, the minister argued that the inflexible expenses of fiscal policy for that year amounted to $509 billion

·Bogotá, Colombia
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larepublica.co broke the news in Bogotá, Colombia on Tuesday, August 19, 2025.
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