Colombia's Ministry of Finance has published Bulletin No. 178 on the Finance Law 2019, which includes measures seeking to reactivate the economy, fund social programs, and encourage investments. Two of the main tax-related measures highlighted in the bulletin include:
- A planned gradual reduction of the standard value added tax rate from the current 19% to 17%; and
- A gradual reduction of the corporate tax rate, which would be maintained at 32% through 2020, and then reduced to 31% in 2021 a…