ANNOUNCEMENT 09 May 2011

In May 2011, the government of Colombia announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



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


Inception date: 09 May 2011 | Removal date: open ended
Still in force

Export tax

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.