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//vat
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What Jumps Out: Band-Aid (or, Colombia’s Dire Economic Straits Need A Bit More)

Against the backdrop of the images we have seen, it appears almost churlish to discuss Colombia's investment grade credit rating, however its removal would have more effect on those protesting than most of them could imagine.
Posted On May 11, 2021
, By Rupert Stebbings
Ahead of the expected presentation of the tax reform to Congress next week, the 'commission of experts' have spoken with their views as to what needs to happen.
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Opinion: On Colombia’s Tax Reform, The Experts Have Spoken

Ahead of the expected presentation of the tax reform to Congress next week, the 'commission of experts' have spoken with their views as to what needs to happen.
Posted On March 19, 2021
, By Rupert Stebbings
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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 On June 29, 2020
, By Loren Moss
2

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 On June 21, 2020
, By Loren Moss
Photo courtesy ACP
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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 On April 22, 2020
, By Loren Moss
Photo: Iván Duque Márquez, president of Colombia, briefs reporters during the U.N. General Assembly. (Photo credit: UN Photo/Loey Felipe)
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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 On February 11, 2020
, By Loren Moss
Colombian peso Colombia peso Colombia inflation (Credit: Jared Wade)
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Colombian Central Bank Sticks to 3% Inflation Target Rate

In mid-November, the Banco de la República forecasted inflation to end both 2018 and 2019 at 3.3%.
Posted On December 2, 2018
, By Jared Wade
Ivan Duque Colombia
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Rightwing Candidate Iván Duque Wins Election to Become Next President of Colombia

Iván Duque won convincingly in a second-round run off election over leftwing candidate Gustavo Petro, a controversial former M-19 guerrilla member.
Posted On June 17, 2018
, By Jared Wade
Ivan Duque Colombia
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Iván Duque, Colombia’s Front Runner for President, Wants to Get Back to 5% GDP Growth and Cut the Corporate Tax Rate Below 30%

Duque says that tax reform to cut the corporate rate below 30% is one of the ways Colombia can get back to 5% annual GDP growth.
Posted On May 16, 2018
, By Jared Wade
colombia inflation colombian peso
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Colombia’s GDP Only Grew by 1.1% in the First Quarter of 2017

Most analysts are equating the underwhelming growth to low consumption following the recent tax hike that increased Colombia's VAT by 3%.
Posted On May 28, 2017
, By Jared Wade
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