💨 Abstract

The Colombian government plans to propose a new tax reform to Congress, aiming to raise at least 12 trillion pesos ($2.86 billion) to finance its budget. This follows the rejection of a similar proposal last year. The government may seek more funds from the reform to ensure stability. The proposed reform includes tax cuts for small-to-medium-sized businesses and taxes on industries like mining and energy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖