ANNOUNCED AS TEMPORARYYes
On July 29, 2011, the Ministry of Commerce, Industry and Tourism of Colombia issued Decree 2658/2011 reducing from 15% to 5% the applicable import tariff on vehicles for the transportation of more than ten people or transportation of goods with a weight of maximum 4,537 tonnes, both with gas engines.
In addition, it also sets a 5% import duty for the chassis of tractors and special vehicles with gas engines (HS Code 8706). The previous duties ranged between 15% and 35%.
This state act shall be valid until December 31, 2011.
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