Colombia: Additional export tax on hydrocarbon and mining exports

Measure #2857 | Published 21 Oct 2011 ▲

Description

On 9 May 2011, the government of Colombia introduced an export tax on hydrocarbon and mining products.
 
Under the new regulation, exporters have to transfer the equivalent of 1 percent of the gross revenue exports to the government.

Any Evidence-Based Deliberation:

Question Result
Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations?
Is there any evidence that alternatives to the proposed measure were considered?
Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government?
Was such evidence identified?
Is such evidence publicly available?
Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives?
Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken?
Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory?
Did the government state its intention to review the measure within one year of implementation?

Date Discovered:

Implemented: Yes

Date of inception: 9 May 2011

GTA Evaluation: Red

Source:

Official Gazette N°48065. Decree 1505. Available from http://www.imprenta.gov.co

Government Response:

Glossary of trade terms