Illustration of Colombian floods with government officials announcing emergency decrees for aid funding amid skeptical onlookers.
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Colombian government issues decrees to address flood emergency

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The Colombian government issued several decrees under the Economic, Social and Ecological Emergency declared due to floods in eight departments, including a 16% tax on digital bets and an $8.6 trillion addition to the 2026 budget. These measures aim to fund aid for victims and revive the local economy. Critics like Andi and AmCham question their impact on investment.

A Malmö-based restaurateur has criticized the upcoming food VAT cut from 12% to 6%, effective April 1. The change applies to groceries and takeout, but not restaurant meals. Hannes Kongstad of Kiosko import views it as benefiting large chains.

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With just one week left until the March 31 deadline for individual electronic tax returns for the 2025 tax year, Egyptian Tax Authority (ETA) head Rasha Abdel Aal urged taxpayers to submit promptly and utilize expanded free technical support amid the ongoing filing season that began January 1.

Amid debate over a corporate wealth tax in Colombia, analysis shows only three OECD countries impose a general net personal wealth tax. Other European nations tax specific assets, while in the region, Argentina and Uruguay have similar levies. Experts warn such taxes are falling out of use and could harm competitiveness.

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A nonpartisan panel discussing a temporary lift on the consumption tax for groceries began on Thursday without two major opposition parties. Prime Minister Sanae Takaichi had hoped to use it to build cross-party consensus on suspending the tax for two years. However, the Centrist Reform Alliance and the Democratic Party for the People decided at the last minute not to attend.

The Bogotá Chamber of Commerce and the National Tax and Customs Directorate signed a memorandum of understanding to promote business formalization. Both entities will collaborate on in-person and virtual assistance modules at CCB locations. The goal is to strengthen the culture of tax contribution in Bogotá and Cundinamarca.

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The São Paulo Public Prosecutor's Office indicted businessman Sidney Oliveira, owner of Ultrafarma, and six others for a corruption scheme involving undue ICMS reimbursements from 2021 to 2025. The charges, filed on February 5, 2026, estimate losses of R$ 327 million to public coffers. The indictment relies on evidence such as WhatsApp messages and geolocation data.

 

 

 

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