The Government approved the tax reform law that increases the Value Added Tax (VAT) from 16 to 19%

The impact of the reform on the country's economy is estimated by the Dane at about 0.58% of total inflation in 2017. This year the Banco de la República expects the CPI to finish within the target range, that is, between 2% and 4%, failure to achieve this objective would be the third consecutive year in which the Issuer fails to keep controlled inflation in the country.

The reform presented by the Government indicates that natural persons will have to declare income from $ 2'700,000 per month, so that the number of respondents will increase from 2'200,000 to 2'700.000.

In addition, gasoline for its part had an increase of $ 135 per gallon while the ACPM increased by $ 152 for this reason our truck would be affected directly. 

 

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