Colombia proposes eliminating 5% VAT on coffee, sugar, pastries; 19% rate looms

A Colombian legislative proposal would remove the reduced 5% VAT rate on staple foods like coffee, sugar, and pastries, raising them to the standard 19%, and also adjusts taxes on agricultural machinery. The measure is part of broader fiscal reform, but its passage and scope remain uncertain. If enacted, it would raise consumer prices on everyday goods and affect agricultural input costs, with potential inflationary and political implications.

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