Reyes, a 40-year-old from Bogotá, takes over during an uncertain economic time nearly halfway through the four-year presidency of President Gustavo Petro.
"All of them must take this rule into account for their income statement," says Guillermo Berrío of Crowe Colombia, an accounting firm that has been helping clients prepare.
The ministry says that the funds raised will be earmarked for the Fontur Tourism development fund, and that the platforms will benefit from the increased investment in tourism development.
The VAT refund may be credited to the international credit card issued outside the country and indicated on the return request, or alternatively in cash.
Global payroll and tax firm TMF Group just released their 2021 Global Business Complexity Index (GBCI) that analyzes business administration and compliance across 77 jurisdictions, from the time it takes to incorporate a company, to changes in tax legislation, policies around...