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Rescue Law would affect Temu and Shein purchases: they would pay 19% VAT regardless of value

FinanceColombiaPortafolio15 s readAI summary
Image: Portafolio

As part of the Rescue Law, the Government proposes eliminating the VAT exemption for low-value purchases made abroad, such as those on platforms like Temu and Shein. Under the measure, those purchases would pay 19% VAT regardless of their value. The initiative also seeks to toughen measures against smuggling.

Read the full story at Portafolio

IASummary generated by artificial intelligence from a story by Portafolio. It may contain errors: the original source prevails.

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