Centro Democrático unveils draft bill to "rescue the economy" with tax and state cuts

FinanceColombiaNoticias RCNNov 7, 2026, 1:58 PMAI summary

Colombia's Centro Democrático party presented a first discussion draft of its Economic Rescue Law, drawn up from meetings with lawmakers, consultations with economic experts and concerns from productive sectors. The text, still open to debate, rejects several tax increases proposed by the Government, such as VAT on staple goods, internet and tourism, and proposes eliminating from 2027 taxes including the wealth tax, the 4x1,000 levy and duties on sugary drinks, ultra-processed foods, gasoline, diesel, carbon and single-use plastics.

In 40 seconds

The draft rejects the Government's VAT hikes on staple goods, internet and tourism
It proposes scrapping from 2027 the wealth tax, the 4x1,000 levy and taxes on sugary drinks, ultra-processed foods, gasoline, diesel, carbon and plastics
It proposes cutting corporate income tax from 35% to 30% and expanding the Simple Taxation Regime

Read the full story at Noticias RCN

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

Centro Democrático
impuestos
reforma tributaria
Ecopetrol
Colombia

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Centro Democrático unveils draft bill to "rescue the economy" with tax and state cuts

In 40 seconds

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Keep reading

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Five factors that could derail the 4% rule in retirement

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