Credicorp Capital Colombia

The Eagerly-Awaited Tax Bill Has Been Submitted to Colombian Congress… Finally

Date:

The Eagerly-Awaited Tax Bill Has Been Submitted to Colombian Congress… Finally

Author: Fórmate a Fondo

  1. Credicorp Capital would expect the current sovereign rating of BBB to be held should the size of a potential dilution not be significant
  2. The tax bill proposes to increase the VAT tax by 3pp to 19% as soon as in 2017
  3. The sale of new housing units exceeding COP 797 million will have a 5% VAT rate
  4. The government expects the proposed bill to increase tax collection by 2.7% of GDP by 2022