• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
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Colombia's 'Rescue Law' would raise VAT to 19% on coffee, fruit, sugar, oils and fertilizers

FinanceColombiaPortafolio15 s readAI summary
Image: Portafolio

The so-called Rescue Law would eliminate the reduced VAT rate from 2028 for food such as coffee, fruit, sugar and oils, as well as agricultural inputs such as fertilizers and medicine, according to Portafolio. Those products would move to the 19% rate.

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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