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Taxation. Taxation in Colombia is determined by the Congress of Colombia, every Department Assembly and every City Council, which determine what kind of taxes can be levied and which rates can be applied. The country inherited a harsh and diffused taxation policy from the Spanish Empire characterized by a heavy reliance on customs duties.
A series of protests began in Colombia on 28 April 2021 against increased taxes, corruption, and health care reform proposed by the government of President Iván Duque.The tax initiative was introduced to expand funding to Ingreso Solidario, a universal basic income social program established in April 2020 to provide relief during the COVID-19 pandemic in Colombia, while the legislative Bill ...
National Directorate of Taxes and Customs. The National Directorate of Taxes and Customs (Spanish: Dirección de Impuestos y Aduanas Nacionales) is a government agency responsible for financial regulation and tax collection in Colombia. The agency falls under the Ministry of Finance and Public Credit and is based in Bogotá.
Last June, the finance ministry was forced to freeze some $4.6 billion in spending because of a drastic fall in tax income, leading to an increase in the fiscal deficit target for 2024 to 5.6% ...
Colombia's government on Wednesday said it has modified its tax reform proposal, nearly halving its original revenue target, and forcing it to freeze spending to meet fiscal goals as it seeks to ...
Colombian President Ivan Duque looks likely to win approval for a long-delayed tax bill in his final year in office, but other unpopular reforms have little chance to pass a divided congress ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
A tax reform proposed by Colombia's leftist government will put mining investment and production at risk, despite modifications to the bill announced this week, the head of the country's mining ...