Finance Colombia

After First COVID-19 Tax Holiday Devolves Into Fiasco, Colombian Government Pushes E-Commerce For Next Two, Restricts In-Store Sales

After the first COVID-19 tax holiday was condemned as irresponsible, the Colombian government is restricting electronics & appliance sales during the next two tax holidays taking place in July where shoppers will be exempt from the country's 19% VAT tax.

Posted OnJune 29, 2020

, ByLoren Moss

Editorial: President Duque’s “Day Without Sales Tax” Devolves Into Public Health Fiasco

Colombia's "Day without Tax" may have undone in less than 24 hours the country's past three months of success in battling the Coronavirus COVID-19 Pandemic. Even if the government decides to lift curfews and restrictions, this may have been the dumbest possible way to do it.

Posted OnJune 21, 2020

, ByLoren Moss

Colombian Petroleum Industry Calls On Urgent Government Action To Mitigate Petroleum Crisis

The collapse in oil prices has led ACP, Colombia's petroleum industry association to call on the country's government to allow flexibility in the regulated pipeline transportation costs, that now make up almost half the cost of a barrel of oil, says the trade group.

Posted OnApril 22, 2020

, ByLoren Moss

Photo: Iván Duque Márquez, president of Colombia, briefs reporters during the U.N. General Assembly. (Photo credit: UN Photo/Loey Felipe)

Fitch Ratings Not Impressed With Colombian Government’s Fiscal Strategy

Fitch Ratings released an analysis on Colombia’s tax reforms, stating they will likely signify revenue losses in 2020, underscoring the view that meeting this year’s fiscal deficit target will be challenging and reliant on extraordinary revenues, the ratings firm...

Posted OnFebruary 11, 2020

, ByLoren Moss