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President Lula signing a bill to eliminate the tax on small international purchases in the Planalto Palace
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Lula signs measure to end 'blusinhas tax' on purchases up to US$50

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President Luiz Inácio Lula da Silva signed a provisional measure on Tuesday to zero the 20% federal tax on international purchases up to US$50. The decision, announced at the Planalto Palace, takes immediate effect after publication in the Official Gazette. State ICMS tax continues to apply.

The ninth edition of Bogotá Fashion Week will bring together 145 brands and designers from May 12 to 14 at Ágora Bogotá.

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Senior executives from PayPal and Google Cloud said at the Consensus Miami conference that AI agents will drive the next wave of internet commerce on cryptocurrency rails. They cited technical barriers preventing agents from using traditional bank accounts. The discussion focused on new protocols and merchant preparations needed for this shift.

The Andino shopping center in Bogotá announced the opening of a new Michael Kors store in Lifestyle format, as part of an investment plan nearing $50 billion. This initiative aims to strengthen the portfolio of international brands and renew the shopping experience for customers. The New York-based brand, founded in 1981, offers products like clothing, bags, and accessories in a relaxed luxury space.

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Preliminary results from the Dane's National Urban Economic Census show Colombia has 219,042 street vending units, mostly in large cities like Bogotá. This activity includes stationary, semi-stationary, or mobile forms in public spaces. Dane director Piedad Urdinola clarifies that not all are itinerant, but street vendors with fixed stalls.

The National Alliance of Small Merchants (Anpec) reported that the average price of the basic food basket rose 1.29% in January 2025 compared to December 2024, reaching 2,046.45 pesos. This 25.98-peso increase affects 44 essential products. The most impacted states include Yucatán and Querétaro with rises over 8%.

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The municipality of La Leonesa in Chaco has introduced a control system requiring delivery drivers and transporters to pay around 47,000 pesos daily to enter and make deliveries. The measure, backed by a tax ordinance, has sparked complaints from workers, residents, and opposition over its effects on logistics and commerce. The mayor defends the fee as a way to protect local businesses.

 

 

 

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