Colombia Finance Minister confirms new 2021 tax reform to mobilize additional $5.7 bn in revenue

The Minister of Finance, Alberto Carrasquilla, confirmed that the Government will present its tax reform proposal before the end of the first quarter of next year, at the end of March 2021. Carrasquilla explained that one of the challenges of the reform is to increase tax collection to cover about 2 percentage points of the Gross Domestic Product of additional spending, a figure that represents an average of $5.7 billion.

Source: La República