Welcome

Colombia’s Duque Promises Early Christmas With Third Tax Holiday

Nov. 5, 2020, 8:46 PM

Colombia will hold another value-added tax holiday later this month as part of efforts to revive the struggling economy, President Ivan Duque announced.

The tax holiday—which applies to a wide range of goods including electronic appliances, sporting equipment, toys, and farming supplies—will take place Nov. 21.

“The measures we have taken as a government mean that Christmas is coming early this year, and at the same time, give a boost to the Colombian economy, create jobs and support micro, small, medium, and large companies,” the president said late Nov. 4.

The government is banning in-store sales, forcing people ...

To read the full article log in. To learn more about a subscription click here.