Duque Says Colombia Won’t Raise VAT Levies on Basic Staples

Colombia’s government won’t seek a VAT increase on basic food staples such as coffee, sugar, salt and chocolate in the upcoming tax reform, president Ivan Duque said in interview with Red+ Noticias.

• Items with 0% and 5% VAT rate will remain the same
• Colombia needs to increase revenue to continue protecting the most vulnerable and stabilize public finances

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Oscar Medina in Bogota at omedinacruz@bloomberg.net

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Andrea Jaramillo at ajaramillo1@bloomberg.net

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