New Espriella Government Rescue Law Brings More Taxes for Cigarettes and 19% VAT for Beer
5 Articles
5 Articles
Congress’ largest official bench reacts with massive questioning of tax hikes
The Economic Rescue Law proposes raising VAT to 19%, modifying income tax and increasing health contributions. These are the measures that would generate controversy in Colombia
By 2028, the tax would be $45 per 100 milliliters for those with less than nine grams of added sugar per 100 milliliters
Democratic Center Senator María Clara Posada announced that she will vote against the measures of the Economic Rescue Act that, she said, increase the tax burden of the middle class. “Don’t count on me to raise taxes to the middle class,” she said. Posada said the project gradually increases the health contribution of employees, from 4% to 8%. She also said that it puts to pay an income tax of 9% to those who earn between $3 million and $4.7 mil…
Another product to be taxed is sweetened and sweetened beverages.
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