Home South AmericaColombia Mintransporte proposes to reduce VAT on air tickets from 19% to 5%

Mintransporte proposes to reduce VAT on air tickets from 19% to 5%

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Mintransporte proposes to reduce VAT on air tickets from 19% to 5%

During the controversial approval process for the integration of the airlines Avianca and Viva Air by the Civil Aviationthe Senate of the Republic assured through its Twitter account that the Transport Minister Guillermo Reyesin the midst of the political control debate in the Sixth Committee of the Senate He proposed to lower the value added tax (VAT) on air tickets again.

It is worth noting that this tax is at 19%, so the head of the portfolio proposes that it be lowered to 5%, mentioning that the purchase of tickets has been reduced and there must be measures in this regard.

(Notifications stop decision on Viva-Avianca integration).

The Ministry of Transportation, Guillermo Reyes, confirms that he asked the Ministry of Finance and Public Credit to evaluate the possibility of returning to the 5% VAT on air tickets and not apply the full rate of 19% given that the purchase of tickets decreased”, mentioned the legislative body.

To remember, The VAT reduction on air tickets was an initiative of former President Iván Duque, which he proposed in December 2020 with the aim of facing the financial contingency due to the covid-19 pandemic.

(What you would stop receiving on flights if you want cheaper tickets).

That is why, since January 2023, this tax began to be collected on flights, just as it was before the global health emergency.

(Know the most expensive destinations to travel in Colombia).

According to Aerocivil figures, between the months of January and October 2022, 27.3 million passengers traveled on domestic flightswhich meant an increase of 23% compared to the 22.3 million travelers between the same months of 2019.

(Elimination of preferential VAT affected air traffic in January).

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