gasoline price would increase due to VAT increase



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The official said on Blu Radio that they are analyzing the possibility that gasoline has a generalized VAT, which implies that fuel it would go from having a VAT of 5% to 19%.

“Gasoline has a differential VAT and we are studying that they have a general rate, but we are still in those discussions,” said Mesa.

The minister assured the station that this increase in fuel would not end up affecting the price of the family basket, since cargo transport, according to him, uses Diesel. Nevertheless, they continue to analyze the effects that this change could bring.

What Mesa did confirm is that in the tax reform public services will not have VAT.

According to the broadcaster, the increase that the price of gasoline could have, due to the VAT change, would be up to 1,000 pesos per gallon, a very high increase considering that it usually goes up, by much, 200 pesos.

The design of the tax reform also contemplates a VAT refund of the poorest families, which would be 45,000 pesos per month; As of 2023, the refund would be 43,924 pesos.

It is also contemplated to lower the lumbral so that people begin to declare and pay income tax. The declaration should be made by people with salaries starting at 2,500,000 pesos; they would have to pay it Colombians with salaries from 2,600,000 pesos.

The possibilities that the Government is studying are, to a large extent, recommendations of tax experts who also advised to eliminate the 4 x 1,000 and They backed the suggestion made by former President Álvaro Uribe about taxing the highest pensions.

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