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Update - Colombia Tax Relief Measures for COVID-19 and Solidarity Tax

|Approved Changes|Colombia
Colombia

Further to the measure previously reported, Colombia has implemented several additional measures in response to the COVID-19 pandemic. Some of the main measures include the following:

  • An exemption from the 0.4% financial transactions tax for non-profit entities belonging to the special tax regime on withdrawals of funds from checking or savings accounts in order to provide assistance for needy individuals;
  • A VAT exemption on donations of goods, clothes, cleaning supplies, medicines, construc…

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