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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.
1 January – The minimum wage in Colombia is raised from 1.3 million to 1.4 million Colombian pesos per month, a 9.54% rise. [1]3 January – Thirteen people die and 28 are injured after a bus carrying 42 people falls into a gorge while traveling on a road connecting Ipiales with Pasto in Nariño Department.
Colombia's international reserves have remained stable at around $8.35 billion, and Colombia has successfully remained in international capital markets. Colombia's total foreign debt at the end of 1999 was $34.5 billion with $14.7 billion in private sector and $19.8 billion in public sector debt.
Colombia, [b] officially the Republic of Colombia, [c] is a country primarily located in South America with insular regions in North America.The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuela to the east and northeast, Brazil to the southeast, Peru and Ecuador to the south and southwest, the Pacific Ocean to the west, and Panama to the northwest.
The economy of Colombia is the fourth largest in Latin America as measured by gross domestic product [19] and the third-largest economy in South America. [20] [21] Throughout most of the 20th century, Colombia was Latin America's 4th and 3rd largest economy when measured by nominal GDP, real GDP, GDP (PPP), and real GDP at chained PPPs.
The Ministry of Finance and Public Credit (Spanish: Ministerio de Hacienda y Crédito Público), is the national executive ministry of the Government of Colombia responsible for the financial and budgetary matters of the country as well as implementing the financial policies passed by Congress, equivalent to the finance ministries of other countries.
Economy of Colombia; References This page was last edited on 7 May 2024, at 17:05 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
Value, bordered with the words "Republic of Colombia" and the year of minting. 1,000 pesos 26.7 mm 2.7 mm 9.95 g Outer Ring: 92% copper 6% aluminium 2% nickel Centre Plug: 65% copper 20% zinc 15% nickel: Security The loggerhead sea turtle, its popular name, and scientific name. Value, bordered with the words "Republic of Colombia" and the year ...