Colombia to raise duties on coal & crude oil
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Update time : 2022-11-09 21:14:20
Colombia's Congress recently passed a tax reform bill. In the next four years, Colombia’s yearly tax revenue will rise by another 20 trillion pesos.
According to the tax reform bill, taxes of up to 10% on coal and up to 15% on crude oil will be imposed when prices exceed a certain level.
Besides, higher duties will be imposed on single-use plastics, sugary drinks, ultra-processed foods, and people whose monthly earnings are more than 10 million pesos.
