There is already a final text of the tax reform, After the approvals in the House of Representatives and the Senate and conciliation, and in the absence of a final approval In Congress, it is already known that food will be taxed by 2023.
(See: Get your pocket ready: the new taxes that Colombians will pay).
And while bread, in any of its presentations, was excluded from the new tax that would generate a progressive tax to 2023 of up to 25%, precooked arepas and other bakery products were not exempt from this tax.
The above because the latter are included in tariff item 19.05 (Decree 1881 of 2021) covered by the new tax: “Bakery, pastry or biscuit products, whether or not containing added cocoa; wafers, empty seals of a kind used for medicines, sealing wafers, dried pastes of flour, starch or starch, in sheets, and similar products“.
(See: Tax: dividends, income and other keys to the final text).
Mecato is added to the precooked arepas, even the cereal bars, the meatballs, the table chocolate, the Chocoramo, the sausages, the chocolate bars, the chips, the plantains, the donuts or the achiras. Even baby compotes.
(See: Tax and Budget, Petro’s first achievements in his presidency).
As for ultra-processed sugary drinks, the tax will depend on the level of added sugar, which means that they will be taxed:soft drinks, malt-based drinks, tea-type, fruit-based in any concentration, soft drinks, fruit juices and nectars, energy drinks, sports drinks, soft drinks, flavored waters and powder mixes.
(See: Tax: taxes that definitely fell from the reform).
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