Tax Reform
Andi highlights uncertainty from labor and tax reforms in Colombia
Colombia's National Association of Entrepreneurs (Andi) voiced concerns over uncertainty from the 2026 Budget discussion and pending tax reform. The labor reform's implementation has raised costs and hindered hiring, while informality remains a key challenge to competitiveness. A survey found 53% of entrepreneurs saying informality affects their operations.
Jérôme Fournel advocates overhaul of aids and tax niches for 2026
In an op-ed in Le Monde, Jérôme Fournel, former chief of staff to Michel Barnier, calls for a major overhaul of budgetary aids and tax niches ahead of the 2026 budget. He criticizes the accumulation of hundreds of costly measures burdening public finances. This reform aims to address a deficit equaling 6% of GDP in 2024.
Experts urge tax and pension reforms in argentina
CAME press secretary Salvador Femenia and tax expert Marcelo Rodríguez highlighted the need for structural reforms to ease pressure on small businesses and workers. In interviews with Canal E, both stressed the importance of a predictable financial system and clear tax simplification. Without political consensus, they warn, progress could be limited.
Liquor and wine VAT could increase 14% in tax reform
Colombia's National Government is preparing a $16.3 trillion tax reform that includes significant increases in taxes on liquors, wines, and aperitifs. It proposes raising the VAT from 5% to 19% on these products, along with consumption tax hikes of up to 224%. Prolicores warns that this would boost the illegal market from 22% to 50%, impacting jobs and the regional economy.