ANNOUNCEMENT 17 Dec 2013In December 2013, the government of Colombia announced a change in import duties.
NUMBER OF INTERVENTIONS
Decree 2910 of 17 December 2013 (in Spanish) : http://wsp.presidencia.gov.co/Normativa/Decretos/2013/Documents/DICIEMBRE/17/DECRETO%202910%20DEL%2017%20DE%20DICIEMBRE%20DE%202013.pdf
Deloitte, Bolet?n Impuestos Directos (in Spanish): https://www.deloitte.com/view/es_co/co/servicios-ofrecidos/impuestos-legal/d60602a488e63410VgnVCM2000003356f70aRCRD.htm
On 17 December 2013, Colombia's Ministry of Commerce, Industry and Tourism adopted Decree no. 2910 allowing import tax exemptions on various goods for Colombia's automobile industry. The tax exemptions apply to goods which are not being produced in the country. The measure is effective on 15 April 2014.
The import duty exemptions that have been approved by the Ministry of Commerce, Industry and Tourism on Decree no. 2910/13 also imply the approval of tax exemptions for automobile manufacturers as the key objective of the new policy is to boost the competitiveness of the industry and revitalize the production.
The new legislation is to enter into force on 15 April 2014.