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Colombia Considers Lowering VAT to Boost Tourism and Travel Industry

  • Colombia is considering lowering VAT on airline tickets and housing to boost domestic tourism
  • The tourism sector in Colombia has been calling for stimulation measures to be reintroduced
  • In 2023, Colombia saw a record income from air passenger transport and travel
  • Under the previous President, VAT-free days were introduced to boost spending
  • The government is considering a new VAT reduction plan for the tourism sector
  • The reduction of VAT on hotel and tourist services and air tickets is seen as beneficial for domestic travelers
  • Anato is working to re-energize the domestic travel and tourism sector in Colombia

Source: colombiaone.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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