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Colombia Approves Incentives Package to Support the Tourism Industry

|Approved Changes|Colombia
Colombia

Colombia's National Congress has approved Law 2068 of 31 December 2020, which includes a package of measures to support the tourism industry and to provide for the conservation and protection of tourist destinations in Colombia. Tax-related measures of the law include:

  • The extension of the reduced 9% corporate tax rate for qualifying companies in the hospitality and tourism sector with certai…

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